International Business : A Snapshot of Sweden by

fahimaschowdhury — 2016-01-08 04:07:28 UTC

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fahimaschowdhury — 2016-01-08 04:06:00 UTC

Business Communication

fahimaschowdhury — 2016-01-08 04:04:38 UTC

Effective communication is essential to maintain a healthy business relationship. Being introduced by a third party is ideal when doing business with the Swedes. Rather than referring to business partners by their last names as Canadians do, Swedes have a tendency to call people by their first names. They are considered friendly, but tend to keep their work and personal lives separate. Swedes rely on their words, rather than body language, but typically speak only if they have something to add to the discussion.

BUSINESS ETIQUETTE IN SWEDEN

fahimaschowdhury — 2016-01-08 04:03:45 UTC

Sweden has a long history of corporate social responsibility. According to the RobecoSAM Country Sustainability Ranking, Sweden is the most corporate socially responsible and has held the title since 2013. When doing business with a country like Sweden, issues such as sexism, human rights, climate change, and anti-corruption must be taken into consideration. [refer to https://sweden.se/business/csr-in-sweden/] Another thing to keep in mind is punctuality; it is very important to be on time for business meetings because doing otherwise is seen as inadequate etiquette.

Cultural Aspects of Sweden

fahimaschowdhury — 2016-01-08 04:01:58 UTC

The official language of Sweden is Swedish. However, learning the english language is compulsory for schoolchildren up until grade 9. Swedes as a nation’s population have won the title of best English speakers outside of English speaking countries. Having said this, it is no surprise that, according a study conducted by the Eurobarometer in 2012, 86% of Swedes speak English. In terms of religion, Sweden is mainly secular; only 29% of the Swedish population claims to be religious, though 64% of the Swedish population are members of the Church of Sweden.

INNOVATIVE TRADE AGREEMENT

fahimaschowdhury — 2016-01-08 04:00:49 UTC

Comprehensive Economic and Trade Agreement (effective in 2016 if approved)

Considered to be more ambitious and larger in scope than NAFTA, this agreement would eliminate about 98% of the tariffs between the EU (including Sweden) and Canada.

fahimaschowdhury — 2016-01-08 03:58:24 UTC

Import Products: Machinery, petroleum, chemicals, motor vehicles, iron and steel, foodstuffs, clothing

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GDP per Capita: $78278.88 CAD (2014)

Time Zone: CET (6 hours ahead of EST)

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Population: 9.56 million (2013)

Language: Swedish

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Capital City: Stockholm

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World Region: Northern Europe

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Size: 449,964 km²

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fahimaschowdhury — 2016-01-07 03:55:00 UTC

Currency: Swedish krona

fahimaschowdhury — 2016-01-07 03:52:34 UTC

A QUICK CLIP ON SWEDISH BUSINESS CULTURE

fahimaschowdhury — 2016-01-07 03:49:24 UTC