New export strategy

Enterprise and innovation minister Mikael Damberg unveiled a new 22-point plan on Monday, seeking to encourage growth and increase Sweden’s exports.

Expressing concern over the country’s weak export growth, the minister said the government intended to allocate SKr 800 million to stimulate Sweden’s presence in global markets.

The plan includes the opening of new embassies and consulates in export markets, financing to facilitate the export of goods and services, as well as proposals to attract foreign investment and improve Sweden’s image overseas.

Damberg noted that Germany and the Netherlands have both enjoyed better export growth than Sweden. He also pointed out that Asia is expected to growth twice as fast as Europe, to where some 70% of Sweden’s exports go. “Sweden will miss out on more than half of the expected growth in value, unless it is able to redirect its exports,” he said.