Table of Contents
WHY WAS IT IN IMPORTANT VISIT?
- The first time in ten years that the country was visited by a prime minister from Norway, but it was one of the largest delegations from Norway
NORWAY – A BRIEF INTRODUCTION NORWAY –
- A BRIEF INTRODUCTION Norway is a founding member of the United Nations, NATO, the European Free Trade Association, the Council of Europe, the Antarctic Treaty, and the Nordic Council; a member of the European Economic Area, the WTO, and the OECD; and a part of the Schengen Area.
NORWAY – ACCOMPLISHMENTS 2018,
- Finland overtook Norway in the race to become the happiest nation on earth, according to an annual UN report. Nevertheless, Norway was the runner-up, taking the second position. NORWAY – ACCOMPLISHMENTS The United Nations published its annual Human Development Report last year, which ranks countries where people live long, healthy lives. In other words, the countries that are best to live in, and guess which country fared the best and scored the highest marks? Norway.
NORWAY – ACCOMPLISHMENTS
- For 13 consecutive years, Norway has been INDIA – NORWAY India Norway Bilateral Trade – which currently stands at USD 1.2 billion. The trade between the two countries has increase a lot in the coming years AN ANALYSIS OF THE 2019 NORWAY PM VISIST Prime Minister Solberg delivered the inaugural address at the Raisina Dialogue and inaugurated the India-Norway Business Summit. Raisina Dialogue 2019 – the theme of the Dialogue is “A World Reorder: New Geometries; Fluid Partnerships; Uncertain Outcomes”
AN ANALYSIS OF THE 2019 NORWAY PM VISITS
- A Memorandum of Understanding (MoU) on India-Norway Ocean Dialogue was signed and a joint task force for the blue economy was established.
- Both countries agreed to collaborate in achieving the global Sustainable Development Goals (SDG) and to work together in tackling the threat of climate change.
- Both countries emphasized the need for the reform of the United Nations including the UN Security Council. Norway agreed that India is a strong candidate for a permanent seat in a reformed Security Council.
WHY IS BLUE ECONOMY IMPORTANT FOR NORWAY
- Blue Economy – RECENT CONTROVERSY WITH NORWAY’S FISHING INDUSTRY International Whaling Commission The Japanese government was trying hard to persuade the IWC to allow its commercial whaling operations. IWC refused to budge and rejected the proposal of Japan. Japan has said that since most whale species are not endangered and that eating whale is a part of its culture, Japan has been forced to withdraw from the IWC. With the withdrawal Japan joins Iceland and Norway in openly defying the organization’s ban on commercial whale hunting.
NORWAY’S SUPPORT TO INDIA
- Norway supports India in the quest to have a permanent seat in a reformed Security Council. Norway supported India’s application for membership of the Nuclear Suppliers’ Group (NSG). Both countries agreed to urge countries for the early finalization of the Comprehensive Convention on International Terrorism (CCIT).
NORWAY’S EARLIER SUPPORT
- Norway has supported India’s membership to export control regimes the Missile Technology Control Regime (MTCR), the Wassenaar Arrangement (WA) and the Australia Group (AG).
- Norway’s Government Pension Fund Global has made a portfolio investment of about $12 billion in India.
EUROPEAN FREE TRADE ASSOCIATION
- The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway, and Switzerland. POSSIBILITIES IN FUTURE India and the European Free Trade Association (EFTA) countries (Switzerland, Norway, Iceland and Liechtenstein) are working on the nuts and bolts of the pact, officially dubbed as the Trade and Economic Partnership Agreement (TEPA).
Latest Burning Issues | Free PDF
WhatsApp