6. Finnish Business in Latin America in 2013
• Economical growth considerably higher than in the USA or in EU.
• Very important market of Finnish technology for Forest Industry, Mining,
Telecom and Energy sectors. For example top mining technology companies
get 15-25 % of their turnover from Latin America.
• Market potential for competitive niche suppliers of almost any sector and any
size
• Over 100 subsidiaries of Finnish companies established in LA, employing
approximately 30,000 persons and invoicing more than 5 Billion EUR per year
• Some 500 Finnish companies are exporting to LA countries
• Improving but partly still challenging business environment
• Mexico and Chile have Free Trade Agreements with the EU (no import
Duties). Colombia and Peru already finalized negotiations. Central America is
negotiating