Foreign Minister Jonas Gahr Støre said he hopes India will become an important fisheries market for Norway. (Photo: hhh.umn.edu)
Norway, India sign cooperation agreement
Monday, March 22, 2010, 08:50 (GMT + 9)
Norway and India entered into a fisheries and aquaculture cooperation agreement this month.
“Our long-term ambition is that India will be a major new market for Norwegian fish,” Foreign Minister Jonas Gahr Støre stated after signing the agreement during his official visit to New Delhi.
The deal agreed upon describes the institutional framework for aquaculture cooperation between the two countries. India is one of the 10 largest seafood producers on the planet, and half of its production is generated by its aquaculture industry.
“Norway has considerable expertise in the field of aquaculture, and there is great potential for cooperation with India in this sector,” Støre observed.
Norway and India have also completed negotiations on both a taxation agreement and a social security agreement. They will be signed this spring and will offer companies that are interested in investing in India more predictable framework conditions.
“There is increasing competition for Asia’s attention. In order for Norway to further its interests in the best possible way in the future, we must forge strong economic and political ties to the new Asia,” Støre affirmed.
An increasing amount of Norwegian companies have been establishing themselves in India, and the foreign minister met representatives from Telenor, Aker Solutions, DNV and SN Power, among others during this month’s visit.
“It is important that Norwegian companies in India focus on their corporate social responsibility (CSR), and my impression is that the Norwegian companies I have met here today place great emphasis on CSR,” Støre commented.
Apart from emphasising the framework conditions for Norwegian companies, the minister partook in political talks in New Delhi. He discussed the international climate negotiations, the World Trade Organization (WTO) and developments in Afghanistan with Foreign Minister Krishna.
India imported marine cages from Norway in March 2009 for its offshore and onshore cobia (Rachycentron canadum) farming project, when researchers from Chennai sought to develop a breeding technology for the species to help diversity the country’s aquaculture exports.
- Chennai to pilot cobia farming
By Natalia Real