“And,” she notes, “with the UK – one of our main trading partners – withdrawing from the EU, we will probably have to negotiate a separate free trade agreement with them.” “The evaluation is extremely useful for those who want to know About Norwegian Trade Policy. But one thing is missing: the mention of our bilateral trade agreements. The EEA is a larger agreement – but this omission still seems very surprising,” Medin said. However, according to Medin, the evaluation of more than 150 pages of Norwegian trade policy is insufficient, especially in one area: OSLO (Reuters) – Norway and Britain have signed a temporary and limited agreement to maintain trade in goods in the absence of a final trade agreement on Brexit by the end of the year, as announced on Wednesday by the Norwegian Ministry of Industry. Discussions on a comprehensive and sustainable free trade agreement are still ongoing, the ministry added. Norway`s merchandise trade with the EU has a deficit of 2.5 billion euros in 2019. Almost 60% of Norway`s exports are exported to the EU. Investment AgreementThe main reason for the conclusion of investment agreements is to protect Norwegian investment abroad, especially in countries where the political and economic situation is unstable, and to ensure that Norwegian companies are able to compete on an equal footing with companies in other countries. It is also important that the agreements encourage investment in developing countries and thus contribute to the economic development of developing countries. Since February 2008, Norway has been a party to 14 bilateral investment agreements (Chile, China, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Madagascar, Peru, Poland, Romania, Russia, Slovakia and Sri Lanka). In addition, the EFTA-Singapore Free Trade Agreement contains certain investment protection provisions.
Norway has not concluded such an agreement since the mid-1990s, as such agreements also protect foreign investment in Norway, and there were uncertainties about the potential impact of new agreements in Norway. The government has set up a committee of secretaries of state to clarify freedom of action for the conclusion of investment agreements. The Committee examined the pros and cons of investment protection agreements. The Committee has developed a draft model agreement for future investment agreements. The proposed model agreement is now under public review. Follows the draft standard agreement and the letter to the public:Public Review – Covering Letter – If the meaning of this translation differs from the original Norwegian text, the original Norwegian text is a priority. Comments on the model of future investment agreements – Where the importance of this translation differs from the original Norwegian text, the original Norwegian text is required. In addition, the WTO, which acts as a multilateral trade agreement between its 164 member states, is going through a crisis that many see as a crisis. TOTAL: an example of Norwegian free trade agreements, including in areas where negotiations are under way. The following free trade agreements are being negotiated.
“If our major trading partners enter into important trade agreements with other countries, it is important that we come to an agreement to prevent trade from being hijacked by Norway.” Norway currently has 29 bilateral free trade agreements with 41 countries.
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