Signed at Ottawa, Canada, December 3, 1997
The Government of Canada and the Government of the Kingdom of Norway (hereinafter referred to as "Canada" and "Norway"),
Canada and Norway will seek to:
In conformity with their international commitments, especially within the context of the Marrakesh Agreement Establishing the World Trade Organization (WTO) and the Organization of Economic Cooperation and Development (OECD), Canada and Norway will endeavour to create the most favourable conditions for liberalization of trade in goods and services as well as of investment between them in accordance with the attached Joint Work Program.
Canada and Norway will collaborate on investment issues, with a particular focus on cooperating in the development of a Multilateral Agreement on Investment (MAI) and in an effective work program in the WTO.
Canada and Norway will examine all questions defined in the Joint Work Program influencing bilateral economic relations or their respective interests respecting trade and investment in third countries, including multilateral and plurilateral questions of common interest arising in appropriate fora.
Canada and Norway will encourage the expansion of trade and investment between the private sectors of both countries.
To this end they will, in particular, foster regular exchanges of information on opportunities for trade and investment and for other promotional initiatives, including contacts on the business level, in accordance with the Joint Work Program, set out in the Annex to this Arrangement.
Canada and Norway hereby establish a Consultative Group to ensure the implementation of this Arrangement and the fulfilment of its objectives. The Government of Canada will be represented by the Minister for International Trade, or designee, and the Government of the Kingdom of Norway will be represented at ministerial level or by designated representative. Private sector representatives may participate in the Consultative Group, with the consent of both Canada and Norway.
The Consultative Group will convene periodically, ordinarily every eighteen months, alternatively in Canada and Norway, as may be arranged by Canada and Norway. Sessions of the Consultative Group will be chaired by the host country.
Canada and Norway declare their readiness, on request, to promptly enter into consultations on any question relating to bilateral economic relations, trade or investment.
This Arrangement may be amended by the written concurrence of both Canada and Norway.
The Arrangement comes into effect on signature and will remain in effect unless terminated by either Party on 180 days notice to the other Party.
Done in duplicate at Ottawa, this 3rd day of December 1997, in the English, French and Norwegian languages, each language version being equally valid, for the Government of Canada and the Government of the Kingdom of Norway.
This Joint Work Program constitutes an integral part of the Arrangement on Trade and Economic Cooperation between the Government of Canada and the Government of the Kingdom of Norway signed on December 3, 1997.
The Joint Work Program includes the following areas of priority interest:
Promotion of trade and investment
This Joint Work Program may be reviewed and revised periodically by the Consultative Group.