The Best Time to Sign FTA With China is Now
Norway is not China’s largest trade partner in Europe, but will soon become the first free trade agreement with China (FTA) of the European countries.
Norway’s free trade agreement between China and the eighth round of talks ended in the Norwegian capital Oslo, the two sides on trade in goods, trade in services, rules of origin, technical barriers to trade and other consultations.
China and Norway both sides of negotiations on free trade agreements into the closing stages. Disclosed in accordance with both the beginning of the calendar, the end result is expected to be released during the year. If successful, Norway will become the first free trade agreement with China signed the European countries.
Norwegian Trade and Industry Deputy Minister Halvard Ingebrigtsen in Shanghai received an exclusive interview on the free trade agreement between the parties after the signing of trade prospects to prospects.
Government of Norway in August 2007 to develop a “China strategy”, after the signing of free trade, information and communication technology, tourism, medical equipment is expected to become a hot area of bilateral cooperation.
To negotiate with China, we need to spend more time
As far as you know, are now with the free trade agreement negotiations progressing?
The discussion of free trade agreements, will be the all-round bilateral cooperation in the framework of bilateral trade. All aspects of the negotiations, including economic, legal, goods, and tariff agreements.
At present, China and Norway both sides of negotiations on free trade agreements are still under way, now that I know is that the talks had achieved great progress. But the specific date for the formal signing of the Agreement, is still hard to say.
In the European Economic Area (EEA), the Norway and Russia, India and other large state-owned free trade agreement. However, with the large emerging markets like China negotiations, is the first time for Norway. Negotiations involving a wide range of trade areas, requiring more time spent.
September 2008, the two sides start negotiations in Oslo, Norway. Economic structure in the world is more turbulent times, the Norwegian government launched a comprehensive selection of China free trade agreement negotiations, signing free trade agreements with China, now is the best time.
Norway is not part of the EU in trade negotiations have a relatively large autonomy. Norwegian maritime industry in China has had many years of accumulation, the Norwegian Innovation Board also has in-depth China, to support the development of Norwegian enterprises in China.
However, we also hope that other types of Norwegian companies to pay more attention to the rapidly growing Chinese market. China during the financial crisis and subsequent performance, give us great confidence. Friendly relations of mutual trust, based on free trade agreements seems ready.
Clothing and textiles: FTA negotiations in key areas
China’s exports of clothing and textiles in Norway, the Norwegian market, accounted for the major market share. China’s textile products have been subject to EU quotas and anti-dumping restrictions. In the free trade agreements, whether against Chinese clothing and textiles for special consultations?
Clothing and textiles is one of the key negotiating areas. Different in some countries, Norway and the European Union, Norway, its basic clothing and textiles are imported. We are not worried about imports of Chinese clothing and textiles, affect the survival of similar enterprises.
At present, the details of the tax is still under discussion. I can foresee that we will continue to import large quantities of Chinese clothing and textiles, the number of Zai Zhe Yi Hou free trade Xiedingqianshu will Chixu growth.
China’s textile and clothing market share in Norway ranked first name, but the relative amount of market share, the amount of Chinese products on the market share is much smaller. In the free trade agreement, you export to China’s clothing and textile trade, Norway What about the future?
At present the Norwegian clothing and textile imports from China or the value of the price advantage.
However, more emphasis on product quality. A few years ago, in Norway has been against the artificial standards of clothing imports from China have great controversy, that imports of certain Chinese clothing enterprises in quality tests, the two sides did not meet the standards set textile trade. For this, free trade agreements will be related to specific rules of operation.
Simply enter the Norwegian market at low prices as the only advantage is not enough. Bilateral trade in the future, we hope to see high quality textile products from China, to gradually enter the high-level clothing market.
“China Strategy”
The role of free trade agreements, eliminate barriers, but also cultivate the market investment interest. Norwegian Government in 2007 formulated the “China” strategy mentioned in the key areas of cooperation will be implemented one by one.
In Norway, many industry entrepreneurs are waiting for the signing of free trade agreements. Now, trade and investment to China are mostly large enterprises in Norway. The signing of free trade agreements, will greatly increase the Norwegian SME looking for partners in China, as well as trade and investment of resources and opportunities – these are not independent at this stage they are acquired.
First of all, China and Norway in the information and communication technologies already have mature cooperation mechanisms. In a free trade agreement negotiations, we also hope to strengthen this area of cooperation and exchange, from China to introduce more of Gaoduan personnel to cooperative manner and Norway Qiye developed this technology.
At the same time, we hope to develop the tourism industry is one of the industries. Through free trade agreements, we hope to attract more Chinese small and medium sized hostels or in Norway, landing in a cooperative manner, the development of tourism between the two countries. In addition, the bilateral trade in medical devices, which we like to see.
In a free trade agreement, we will be China’s SMEs to Norway to provide green channel, on the application approval process as simple as possible.
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