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FACULTY OF COMMERCE TTP Report Ready 1
FACULTY OF COMMERCE TTP Report Ready 1
SUBMITTED BY:
“BS. COMMERCE”
Submitted Date:30/JAN/2020
FACULTY OF COMMERCE
Trade Theory and Practices
GROUP MEMBERS
• Ahmad Ali
G1F17BSCM0025
• Fatima Zahra
G1F17BSCM0002
• Sherbano
G1F17BSCM0018
• Momina
G1F17BSCM0023
• Ayesha
G1F17BSCM0006
DEDICATION
It’s Start in the name of Allah Almighty, who is over creator and my
strong pillar, my source of inspiration, wisdom, knowledge and
understanding. He Has-been the source of my strength and on His wings
only have I soared.
First of all, we would like to thank Almighty Allah for giving us the ability and
strength to complete this project report. Secondly, we are also thankful to our
respective parents for providing us with the opportunity to receive higher education
in such an accomplished institution (UCP) that required us to carry out such
projects that expand the dimensions of our mind. We are definitely not forgetting
to recognize the efforts and support of our Respected Teacher SIR SALMAAN
ZOHAIB, without whom this project would not have been possible. Who give us
the opportunity to work on a project. Our special thanks to the group members who
have whole-heartedly work for the completion of this report. All of us have earned
a valuable and worthy experience during the project.
Norway
Norway has a total area of 385,207 square kilometers (148,729 sq. mi)
and a population of 5,312,300 (as of August 2018). The country shares a
long eastern border with Sweden (1,619 km or 1,006 mi long). Norway is
bordered by Finland and Russia to the north-east, and the Skagerrak
strait to the south, with Denmark on the other side.
Norway Trades
The country is among top 2 exporters of oil and the second largest natural gas
and seafood exports in the world.
• Natural resources identify global business opportunities.
• Economy increased in 1905 when it won the freedom from Sweden.
• One of the world richest countries & it’s the top ranking countries to
live in.
• The country of Norway is also rich in its natural resources.
• Norway has a very open economy, trade representing 68.5 % of GDP
(2018- world bank). Traditionally, the country exports energy-intensive
products and imports high –technology items.
Michael porter’s diamond model
Specific Advantages:
World's largest joint marketer of seafood, making the seafood industry the
economic backbone of many Norwegian coastal regions.
Seafood 3rd largest export item
Norway’s vibrant seafood industry contributes a large amount to the
country’s economy 2008 - marked a new export height for the industry.
Demand Conditions
Tons of seafood (good climate, can always be grown)
Exports seafood and have a good sense of control and demand for the
international market.
Petroleum
discovering of oil resource in 1969 in the Ekofisk by the Phillips Petroleum
Company
Began to produce oil and natural gas production since June 1970.
second world producer in the world during the mid-1990s.
the second-largest net exporter of gas
seventh-largest exporter of oil in the world.
employed estimated of 140,000 people.
Advantage:
Does not have to rely on other countries imports in oil or gas.
Growth in employment, which will help the economy
Norway is more compatible in the global market.
Demand Conditions
Norway's natural resource is oil = competitive advantage
Exports more oil than they import, they have to fill the demand
Feed the demand = benefits their economy + strengthens their industry and
their intentional relationship with other countries.
Norway borders Finland, Russia and Sweden by land and Denmark, the
United Kingdom, Iceland and Greenland by sea.
The top export destinations of Norway are the United Kingdom ($21.4B),
Germany ($16.4B), the Netherlands ($7.88B) and France ($7.5B), Sweden ($9B),
Sweden ($5.1B), the United States ($1.5B).
This is the with the benefits of Norwegian Seafood around the world. It including
distributing information, conducting studies, monitoring markets and advertising to
promote Norwegian seafood overseas, while researching and developing insight
and new routes to market.
Reference
Prezi. 17 January 2020. Prezicom. [Online]. [26 January 2020]. Available from:
https://prezi.com/ankavx9cpawc/norway/
Feenstra, R. C., et al. (2005). World Trade Flows, 1962–2000. NBER working
paper 11040
C.L., Illsley 2019, What Are The Biggest Industries In Norway?, WorldAtlas,
viewed 26 January 2020, <https://www.worldatlas.com/articles/which-are-the-
biggest-industries-in-norway.html/>.