The international EFTA Court in Luxembourg has ruled that Norway’s regulations on ownership of hydropower concessions, which demand that private owners must turn their concessions back to the state after 60 years, are contrary to regulations of the European Economic Area (EEA).
The Canadian shipbuilding industry’s feared loss of a protective tariff has come to pass and now the industry will have three years to adjust to new market conditions.
Peru and Norway are China’s next target as trade partners even as the country is busy discussing free trade agreements (FTAs) with two dozen economies.
After initiating talks with the EU for a trade agreement, India now started discussions with non-EU countries such as Norway to boost trade and investment flows.
The International Centre for Settlement of Investment Disputes (ICSID) has ruled in favor of the State of Hungary in a case brought against it by Norwegian telco Telenor, business daily Világgazdaság reported on Monday.