Norway to Exempt Tariffs from Textiles in 29 Developing Countries

Norway to Exempt Tariffs from Textiles in 29 Developing Countries In the draft budget for 2013, the Norwegian government plans to cut textile import tariffs by half and exempt from tariffs on textiles from 29 developing countries. Norway's domestic reaction to the government's proposal is mixed. Textile sellers welcome this, while textile manufacturers believe that this will significantly weaken the competitiveness of Norwegian industry.

Norway is a developed country with a modern industry. In 2011, the world’s per capita GDP ranked third in the world, second only to Qatar and Luxembourg. The main traditional industries of Norway are machinery, hydropower, metallurgy, chemical industry, papermaking, wood processing, fish product processing and shipbuilding.

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