Trade policy

Trade policy

Technology industries in Finland are extremely dependent on the export of their products. Approximately 40% of the produce in Finland is exported to market areas all over the world, Europe being the biggest with Asia and North America following.

Industry in Finland is very dependent on foreign trade. The Federation of Finnish Technology Industries is an active operator in matters concerning trade policy. The federation's goal is to secure as free, unrestricted, and undisturbed international trade opportunities as possible for Finnish companies. Possible disruptions in global trade, such as trade wars or increased protectionism, are not desirable for companies operating in Finland.

The transatlantic free trade and investment agreement

EU ja USA ovat neuvotelleet viime vuodesta lähtien keskinäisestä vapaakauppa- ja investointisopimuksesta. Sopimuksella pyritään EU:n ja USA:n välisen kaupan helpottamiseen mm. tullien ja määräysten osalta. Toteutuessaan sopimus toisi merkittävän kasvun EU-alueen BKT:hen.

The level of customs is just one factor

For technology industry companies, the agreement negotiations have several relevant goals. The level of customs is just one factor. Even more significant is to guarantee a genuine access to the public procurements of the federal state, states, and local government in the US. European companies must be treated equally to the American ones. Some restrictions of foreign companies' access to US public procurements are the Buy American regulations as well as stipulations on the share of local manufacturing. The standards concerning products must be equivalent in both areas. One acceptance process for products should suffice.

TDI modernisation (trade defence instruments)

The EU Commission's Act on TDI modernisation concerns especially the renewal of dumping-related actions.

For technology industries, the renewal should lead to a solution that secures fair rules for everyone: manufacturers, importers, and consumers. The trade defence instruments must absolutely not lead to trade wars or other protectionistic activity.

Other free trade agreements

The EU is negotiating free trade agreements with other countries and areas as well. For technology industries, it's essential that the negotiations secure an equal access to these markets for products by European manufacturers. This must not be hindered by stipulations on deviating standards or local acceptance processes for products.