China, Norway boost business ties, aiming for free trade pact
Print Edition
China and Norway are making strong progress toward a free trade agreement expected to be sealed next year, Norwegian Trade and Industry Minister Torbjorn Roe Isaksen said yesterday.
鈥淭he optimistic and realistic scenario we can aim for is to finish within the year of 2019,鈥 he told Shanghai Daily in an exclusive interview.
鈥淎part from the economic effect it can have, it can also send a political signal, because it will show that both China and Norway 鈥 which are in different parts of the globe 鈥 a rich small country and a giant that is the second biggest economy in the world 鈥 can find common ground and have a win-win situation through such a trade agreement.鈥
The agreement would be more than selling each other goods and raw materials, he said, because both economies are more sophisticated with potential to form economic and technological partnerships.
鈥淲e鈥檒l never be the leading nation in the world when it comes to artificial intelligence, in which China has a head start,鈥 he said. 鈥淏ut we have every possibility when artificial intelligence gets applied to the maritime industry.鈥
He was part of a 300-strong delegation visiting Shanghai with King Harald V and Queen Sonja.
They took a bullet train from Beijing to Shanghai, a first time for the royal couple, who are impressed by the skyline of the Bund which is completely different from their last visit in 1997.
The queen, who has a special interest in art, is also pleased that an exhibition of Norwegian painter Edvard Munch will be held in Beijing and Shanghai by 2020.
The highlight of the royal couple鈥檚 Shanghai schedule included a business conference 鈥淥cean of Opportunities鈥 at which they witnessed the signing of 10 business deals between Chinese and Norwegian companies in sectors such as shipbuilding, energy, innovation and health care.
鈥淭here is clearly a need to further develop green business solutions,鈥 the king said at the opening ceremony.
鈥淏right minds from China and Norway are working together to find solutions, and Shanghai 鈥 as China鈥檚 polar research capital and key maritime hub 鈥 is playing an important role. We look forward to an interesting day here in 鈥榯he city by the sea.鈥
鈥淭he ties between our countries go back a long way. Still, I hope and believe that our most important joint accomplishments are yet to come.鈥
In the afternoon, the royal couple met China鈥檚 e-commerce giant Jack Ma, as Alibaba鈥檚 food supply chain Win-Chain signed a memorandum of understanding with Norway鈥檚 salmon producer Marine Harvest ASA.
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