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The impact of EU membership on Finland - Research Paper Example

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The following paper "The impact of EU membership on Finland" explores the impact of EU membership on Finland. Admittedly, in a single EU market area, customs duties do not exist thus the sale of the exports by one of the EU members goes another member. …
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The impact of EU membership on Finland
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The impact of EU membership on Finland

Download file to see previous pages... In the table above, it is clear that the main Exports as per the latest statistics in 2011 coming from Finland include; Mineral fuels, lubricants and related materials (75.53 %), animal and vegetable oils, waxes and fats (77.21% ) and manufactured goods classified by their materials used to make them (65.13 %). As it is stated, this trend follows the government’s initiatives to set aside more money and resources in the above sectors in general. Considering the case of vegetable and animal oils, fats and waxes, the increased exports can also be attributed to the effort by the farmers to employ modern practices when it comes to products such as agricultural machinery, modern inputs, improved seed and animal variety, and the use of chemical insecticides and fertilizers. The Chemical industry in Finland which has emerged as its largest industry sector has facilitated the large exports witnessed in lubricants, mineral fuels and manufactured goods as the industry produces a wide range of products that are used by another industrial sector such as agriculture, oil products, paints, petrochemicals, plastics and environmental products. Finland’s manufacturing industry has been remarkable in the recent producing some of the best products in the market hence the large exports witnessed in the manufactured goods. Some of the notable manufactured goods include mobile phones by Nokia, paper products by Stora Enso, oil products by Neste Oil and cruise ships by Aker Finnnyards. Its exports have also been facilitated by its sophisticated financial ...Download file to see next pagesRead More
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