Denmark is a small, open economy that heavily relies on international trade. As a member of the European Union (EU), Denmark has access to the world`s largest single market. Additionally, Denmark has signed several trade agreements that have further opened up the doors for companies to do business across the globe.

The EU has trade agreements with over 70 countries, including Canada, South Korea, and Japan. These agreements aim to eliminate tariffs (taxes on imports) on goods and services traded between the EU and its partner countries. In 2019, Denmark`s total trade with these partner countries was 1,002 billion Danish kroner.

Apart from the EU agreements, Denmark has signed several bilateral trade agreements that provide preferential treatment to Danish companies doing business in those countries. One notable example is the Free Trade Agreement (FTA) signed between Denmark and the Republic of Korea in 2011. The FTA has eliminated tariffs on over 95% of goods traded between the two countries and has made it easier for Danish companies to access the South Korean market.

Another significant trade agreement for Denmark is the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada. Signed in 2016, CETA has eliminated 98% of the tariffs on goods traded between the EU and Canada. The agreement has also made it easier for Danish companies to obtain licenses to provide services in Canada, such as in the areas of finance and telecommunications.

Denmark has also signed trade agreements with several emerging markets, such as China and India. In 2018, Denmark became the first Nordic country to sign a partnership agreement with China on promoting green development and cooperation in third countries. Furthermore, Denmark has been negotiating a free trade agreement with India since 2007, which could result in improved market access for Danish companies in one of the fastest-growing economies in the world.

Finally, Denmark is a member of the World Trade Organization (WTO), which sets the rules for international trade. The WTO agreement provides a framework for negotiating and implementing trade agreements and resolving disputes between member countries.

In conclusion, Denmark`s participation in trade agreements has enhanced its ability to do business around the world. From the EU to emerging markets, these agreements have opened doors for Danish companies to access new markets and grow their businesses. By staying involved in the international trading system, Denmark has secured its place as a global trading partner.