India, Norway sign MoU, release Joint Statement

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.

The two leaders reaffirmed their commitment to expanding bilateral trade in order to realize its full potential. They acknowledged that a free trade agreement would ensure increased predictability and give the countries’ companies a solid foundation for doing business.

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, recognizing 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 Governments.

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