A look at Swedish economic and business ties with the U.S.
Sweden and the United States have been business partners for over 375 years. With the first Swedish trade ship landing in United States in 1638 – it's not difficult to see that the bilateral trade relationship that the countries share has grown strong. Today, more than 300 000 jobs in U.S. can be counted as a product of Swedish companies doing business with and in America. Swedish foreign investments, Swedish companies operating in the U.S. and American exports to Sweden are all making large impact on the economy of the United States.
Embassy of Sweden in Washington, D.C. and the Swedish-American Chamber of Commerce, have conducted a comprehensive mapping of the economic ties between Sweden and the United States. The result is presented in a publication outlining the impressive U.S.-Swedish ties in trade and investment and details the growing impact of Swedish investment in the U.S. For example, Sweden is the 12th largest investor in the U.S. and one of the top investors on a per capita basis. Moreover, Swedish-affiliated companies have created jobs in all fifty states, and all fifty states export products and services to Sweden.
The second edition of the publication also highlights the potential for further free trade between the EU and the U.S. The Transatlantic Trade and Investment Partnership that is currently being negotiated between the European Union and the United States is expected to have a positive impact on trade relations and will spur growth and generate an estimated 2 million new jobs on both sides of the Atlantic.
If you have questions on how many Americans work for Swedish-affiliated companies in the U.S.; or how many American jobs are created by Swedish businesses in the different states in the United States; or where the Swedish companies are located. The answers can be found in this publication.
Read the full booklet here:
Swedish Companies Create Jobs in America - A Look at Swedish Economic and Business Ties with the U.S.