Working towards a ‘Golden-era’ of Sino-Norwegian relations
‘Since the normalisation of diplomatic relations between our two countries, Chinese businesses have shown increased interest in Norway’, says Finn Kr. Aamodt, Director of Invest in Norway, the governmental investment promotion agency of Norway. ‘High-level delegations from China are actively exploring investment opportunities in Norway’.
‘Chinese companies are keen to partner with players in our health-technology sector,” explains Anita Moe Larsen, Head of Communications for Norway Health Tech, a cluster aiming to become one of the most innovative global health-technology clusters by 2020.
‘With the highest electric-vehicle penetration in the world, Norway is at the forefront of electric-mobility and is also leading developments inzero-emission transport at sea’, adds Aamodt.
Norway has over thirty government-funded clusters encouraging cooperation between industry and research and development.
As an investment destination, Norway’s strengths include economic and political stability, highly-developed infrastructure and a wealth of natural resources including oil, gas, marine and forestry.
Pillars of the Norwegian economy remain petroleum, maritime, energy and seafood, and ‘ease of doing business’ polls annually rank Norway amongst the top ten in the world.
Historically, shipping and fisheries have played a key role in Sino-Norwegian relations and both industries continue to bring China and Norway closer together.
‘For decades, China has been very important to our maritime industry and to ourship-owners’, says outgoing CEO, Sturla Henriksen of the Norwegian Shipowners’ Association.
‘Today, four of every ten Norwegian ships are built in Chinese shipyards and our cooperation in ‘green-shipping’ has led to innovative solutions for the industry. Considering our interests in the Arctic sea trading route, there is a great deal we can achieve together as complimentary partners’.
The normalization of our diplomatic relations has been crucial to companies looking to gain market access to China, the world’s largest seafood market’, explains Sigmund Bjørgo, Director of the Norwegian Seafood Council in China.
Across all major industries, the normalisation of relations between Norway and China has been beneficial for both countries. With high-level business delegations planning to visit Norway this year and a free-trade agreement framework under discussion, both countries are working towards a ‘Golden-era’ of Sino-Norwegian relations.