Market News
India, Norway sign MoU, release Joint Statement

07 Jan 2019

India and Norway released a Joint Statement on January 8, 2019 after extensive talks between Indian Prime Minister Narendra Modi and Norwegian PM Erna Solberg, during the latter’s official state visit to India from January 7-9, 2019.

The Prime Minister of the Kingdom of Norway paid a state visit to India at the invitation of PM Modi. She was accompanied by a high-level delegation comprising state secretaries, senior officials and business leaders.

During the visit, Prime Minister Solberg called on the President of India, Ram Nath Kovind, held detailed talks with PM Modi and also met India’s External Affairs Minister Sushma Swaraj. Prime Minister Solberg also delivered the Inaugural Address at the Raisina Dialogue and inaugurated the India-Norway Business Summit.

Following the talks, one Memorandum of Understanding (MoU) was signed between the two nations:

S.No.

MoU

Signatory from the Indian side

Signatory from the Norwegian side

1.

MoU between the Ministry of External Affairs, Government of India and the Ministry of Foreign Affairs, Government of Norway on India – Norway Ocean Dialogue.

Sushma Swaraj, External Affairs Minister

Ine Eriksen Soreide, Minister of Foreign Affairs

Joint Statement: Key Highlights

Bilateral Ties

The two Prime Ministers held wide-ranging discussions on bilateral, regional and multilateral issues, and on the ways and means to further strengthen the growing bilateral partnership.

The two sides expressed the desire to maintain high-level exchanges and enhancing cooperation through the existing mechanisms of bilateral interaction.

Bilateral Trade

The two leaders reaffirmed their commitment to expand bilateral trade in order to realise its full potential.

They noted with satisfaction the signing of the Terms of Reference for the establishment of the Dialogue on Trade and Investment, which would give impetus to business cooperation and encourage participation of Norwegian companies in the flagship programmes of India.

Further, recognising that all countries benefit from open and predictable trade rules, the leaders acknowledged that a conclusion of the free trade negotiations between EFTA and India is a priority for both the Governments.

They acknowledged that a free trade agreement would ensure increased predictability and give the countries' companies a solid foundation for doing business.

Infrastructure and other areas

The two leaders discussed the importance of robust infrastructure and Prime Minister Solberg noted with interest India’s new initiative of the Coalition for Disaster-Resilient Infrastructure, which aims to offer risk analysis and capacity building support to disaster-prone countries.

They also agreed to strengthen their partnership as knowledge-based economies and make concerted efforts for cooperation in the domains of higher education, research & innovation, energy, ICT, climate & environment, maritime sector, fisheries & aquaculture.

The two leaders applauded the commendable achievements in maternal and child health care through the Norway-India Partnership Initiative (NIPI) and desired to expand its scope.

Collaboration on Ocean economy

The two Prime Ministers agreed to closely collaborate on ocean economy and achieving the Sustainable Development Goals.

The Prime Ministers noted the importance of sustainable use of the oceans, including for food security, energy sources, mineral exploration and climate-friendly maritime transport.

They further, welcomed the signing of the MoU on India-Norway Ocean Dialogue and the establishment of the Joint Task Force on Blue Economy under the aegis of the MoU, in order to promote multi-sectoral cooperation in various aspects of Blue Economy.

Climate Change

The two leaders recognised that Climate Change is a global challenge with strong economic, environmental and social dimensions.

In order to mitigate the challenges, the two sides agreed for collaboration and joint research in this sector and India invited Norway to participate in the International Solar Alliance.

Sustainable Development Goals and UN

The two leaders expressed the desire to work together for realising Sustainable Development Goals including poverty, health, education, women’s empowerment, clean energy and sustainable use of ocean resources.

The two sides emphasised the central role of the UN in maintaining global peace and security and recognised the value of each other’s contribution to this important work.

They also stressed on the need for the reform of the UN including of the UN Security Council and its expansion in both permanent and non-permanent seats to make it more representative, accountable, effective and responsive to the realities of the 21st century.

Norway agreed that India is a strong candidate for a permanent seat in a reformed Security Council expanded with both permanent and non-permanent members.

India's application to Nuclear Suppliers Group

India expressed its appreciation for Norway’s support towards India’s accession to the Missile Technology Control Regime (MTCR), the Wassenaar Arrangement (WA) and the Australia Group (AG).

Norway supported India's application for membership of the Nuclear Suppliers’ Group and reaffirmed its commitment to work constructively within the Group with the aim of reaching a positive outcome regarding Indian membership at the earliest opportunity.

Terrorism

The two leaders strongly condemned terrorism in all its forms and manifestations and agreed to cooperate in combating international terrorism. They also urged the international community to work towards early finalization of the Comprehensive Convention on International Terrorism mooted by India at the UN.

Further, the two sides emphasised on the significance of further strengthening cultural ties through regular exchange and exposure to each other’s culture.

Conclusion

The talks concluded with the Norwegian Prime Minister extending her cordial invitation to Prime Minister Narendra Modi to make a state visit to Norway, which the Prime Minister accepted.

The dates of the visit will be decided through diplomatic channels.

 

 


Source: Jagran Josh

News Archive
 
Page 1 of 1