EU trade agreements benefit Finnish companies
The EU has concluded a trade agreement with approximately 70 non-EU countries. These agreements facilitate also the access of Finnish companies' products and services to the contracting partner markets. The Ministry for Foreign Affairs together with the Ministry of Finance and the Finnish Customs have prepared a set of guidelines for companies on how to make use of the tariff reductions offered by EU trade agreements. The agreements are beneficial for consumers as well in that they allow a wider range of products and services and the possibility of lower prices. On the macro level, the trade agreements have a positive influence on Finland's economic growth, employment and competitiveness.
The EU, and Finland as part of it, has a trade agreement with for example Canada, Mexico, South Korea, Switzerland and Japan. A trade agreement with Singapore is scheduled to enter into force by the end of 2019 and with Vietnam in early 2020. The entry into force of a new agreement on trade between the EU and Mexico is also under preparation.
Negotiations are ongoing with several trading partners, including Indonesia and Chile. Negotiations with Mercosur were concluded in June 2019.
An overview of EU trade agreements:
A more comprehensive account of tariff preferences on the website of the Finnish Customs