Following the AGM, the Transatlantic Assembly focused on noise vs. actual business impacts, short vs. long-term strategies, rapid technological change, and a shifting global economic and competitive landscape. KPMG Norway’s CEO Rune Skjelvan provided opening remarks, followed by keynotes from members and partners.

Jonas Erraia, partner at Menon Economics, presented key insights from the updated US Companies in Norway report. The most recent edition shows 487 active US entities in Norway, employing nearly 49,000 people across industries – with Petroleum, Healthcare, and ICT leading in scale. Erraia noted that, compared to other countries, US companies stand out for their productivity, significant contributions to GDP, and role as the second largest foreign employer. These contributions, Erraia emphasized, are important to keep in mind when assessing the value of the broader trade relationship.

State Secretary of the Ministry of Foreign Affairs, Eivind Vad Petersen, followed with a keynote on the government’s views on the current trade and geopolitical environment, outlining key challenges, opportunities, and priorities in the years ahead. He emphasized the importance of the bilateral relationship between the US and Norway, and the enduring ties that have created a wealth of opportunities for both sides.

Graham Harlow, Chargé d’affaires a.i. at the US Embassy, reaffirmed the strength of that relationship, highlighting Norway’s role as a key partner in areas such as defense, energy, and critical minerals. Harlow also underscored the value of sustained dialogue and encouraged continued engagement from AmCham members.

Stian Jenssen, Director of Government Affairs and International Relations at Aker, then offered a broader perspective, drawing on his experience from both NATO and the private sector. Through concrete examples, he addressed how to navigate uncertainty, noting that while the current environment presents real challenges, it also opens new opportunities for those willing to adapt and invest.