The economic interaction between the USA and the littoral states of the Baltic Sea
By Alari Purju
The article examines international trade and services and foreign direct investments (FDI) between the littoral states of the Baltic Sea and the USA. The trends of international trade figures, the proportion of international trade for individual economies of the region are described. The importance of the USA as a trade and investments partner is evaluated. The analysis covers also importance of particular groups of goods and services in trade between the Baltic Sea littoral states and the USA. The article evaluates also possible impact of the Inflation Reduction Act (IRA) adopted by the US Congress, particularly its local content requirement on international trade and investments. The article ends with estimates of the prospective developments in international trade and investments between the Baltic Sea littoral states and the USA.
Download the latest BSR Policy Briefing: BSR Policy Briefing 3_2023 (pdf) (556.9 KB)
