Norway: Cross-border trade rises againFebruary 01, 2014
A weaker currency means Norwegians aren’t saving quite as much money as they did a year ago by driving over the border to shop in Sweden, but the cross-border trade continues to rise, News in English reports.
That still yields a slight advantage at the cash register for Norwegians, and it comes in addition to the advantages of Sweden’s lower taxes on alcoholic beverages and on food and many other products in general. Many Norwegians continue to drive over the border to shop, and that continues to plague Norwegian retailers, not least the state liquor and wine monopoly Vinmonopolet.
Some, including food and beverage importers, say the cross-border trade will only taper off if Norway harmonizes its tax levels with those of Sweden, and reduces the country’s alcohol taxes. Others claim the larger selection of goods in Swedish stores remains another major draw.