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Finland

Finland profile

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(Last updated: 13 Feb 2009)

Current business situation

The Department of Foreign Affairs and Trade (DFAT) provides advice for business travellers and tourists going to Finland. This is regularly updated, and should be checked before planning travel.

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Country facts

Capital city: Helsinki
Surface area: 338,000 sq km
Population: 5.3 million
Official language(s): Finnish, Swedish
Head of State: President HE Ms Tarja Halonen
Head of Government: Prime Minister Mr Matti Vanhanen
Australian exports to Finland: A$595 million
Australian imports from Finland: A$978 million
Finland's principal export destinations: Russian Federation, Sweden, Germany
Finland's principal import sources: Russian Federation, Germany, Sweden
(Source: Department of Foreign Affairs and Trade - Country economic fact sheet)

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Economic climate

Finland is an advanced industrial economy with the metal, engineering and electronics industries accounting for 50 per cent of export revenues, and the forest products industry for 30 per cent. Finland is said to be ‘the most online nation in the world’, with more mobile phones and Internet connections per capita than any other country.


For the latest key economic indicators and statistics, please see the Department of Foreign Affairs and Trade country economic fact sheet.

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Political climate

The head of State is the President who is elected by a direct national election for a period of six years. Tarja Halonen has been the President since March 2000. The Government must enjoy the confidence of parliament which has 200 members elected every four years.


The semi-autonomous province of Åland Islands occupies a special position because it has the right to draw up laws concerning its own affairs and the right to determine its own budget. The Åland Islands also forms a demilitarised area.

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Trade relations and statistics

Finland is a member of the United Nations (UN), the Organisation for Economic Co-operation and Development (OECD) and the World Trade Organisation (WTO).


Throughout its history Finland has been caught strategically between the east and the west. The collapse of the Soviet Union and end of the Cold War allowed Finland greater foreign policy flexibility, eventually contributing to its decision to join the EU in 1995. Close cooperation with the EU is now one of Finland's main foreign and trade policy priorities.


Australia and Finland enjoy warm and friendly bilateral relations, boosted by Finland's engagement in the Asia-Pacific region. Multilateral cooperation is an important element of bilateral relations. Finland is a reasonable-sized export destination for Australia.


Please see the Department of Foreign Affairs and Trade country economic fact sheet for key trade statistics.

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Austrade's monthly eNewsletter bringing you all the latest export-related news and events within Australia and overseas.

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OECD Guidelines for Multinational Enterprises

Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the ANCP website.

Bilateral agreements

Australia has social security agreements with several countries that address the issue of 'double super coverage' for employees sent to work overseas. To take advantage of these agreements, Australian employers sending employees overseas to work must apply to the Tax Office for a Certificate of coverage.

For more details, please visit the Australian Taxation Office website.

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Disclaimer

Austrade makes no warranty, express or implied as to the fitness for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any information contained in this document. Any consequential loss or damage suffered as a result of reliance on this information is the sole responsibility of the user.