The UK is a major investor in Estonia, and in 2007 UK exports to Estonia reached £ 351.7 million (67% growth from 2006).
Of all the former Soviet Union countries, Estonia has made the most progress in building a liberal market economy. It has successfully attracted foreign investment and refocused its trade from east to west. Privatisation has largely been completed, its banking system is healthy and entry into the EU has boosted economic growth.
What are the opportunities?
Estonia has a great affinity with the UK. The two countries had strong trading links before the Soviet occupation, and there is much potential for UK exporters in Estonia’s newly restored market economy.
Priority sectors identified by UK Trade & Investment are:
•Tourism, Heritage and Leisure
•Financial Services - Public-Private Partnerships
•EU funded business
Other sectors with potential opportunities for UK businesses include; Chemicals, Construction, ICT, Ports and Transport.
This Northern European Markets guide (courtesy of UKTI & British Chambers of Commerce) provides an overview of the investment climate of selected countries in the region and some useful contacts for further information and advice. This publication is also availible in print, Please email emita stating your name, company, address, telephone and email address and we will send it in the post to you free of charge.
emita has CD-ROM Trade Guides on trading with Estonia. The Estonia Trade Guide is a comprehensive guide to trading with and investing in Estonia. It is aimed at British business leaders who want to expand into the Estonian market, and contains a large amount of useful and interesting information and contacts.
Please email emita stating your name, company, address, telephone and email address and we will send it in the post to you free of charge.
The information provided above is merely an overview; should you require further details you can obtain comprehensive international trade assistance from UK Trade and Investment (UKTI). To find out more information about this country, visit the UKTI Estonia web page.
If you're interested in attending an event relating to this country or the possibility of joining a trade mission, please visit the UKTI East Midlands website. If you would like to speak to a UKTI International Trade expert about doing business with this country, please call the UKTI East Midlands office on 01332 826394.