The United States of America and Norway have a long-standing relationship that dates back to the 19th century. The two countries share common values and have been involved in several partnerships over the years. One of the most significant agreements between the United States and Norway is the Free Trade Agreement, which has been in place since 1984.
The Free Trade Agreement between the United States and Norway is a comprehensive agreement that aims to increase trade between the two countries. The agreement eliminates tariffs on a wide range of products, including industrial goods, agricultural products, and fish and seafood products. In addition, the agreement includes provisions on intellectual property rights, investment, and government procurement.
One of the most significant benefits of the Free Trade Agreement is the increase in trade between the two countries. The United States is Norway`s second-largest trading partner, with bilateral trade between the two countries totaling over $15 billion in 2020. The agreement has helped to create jobs and increase economic growth in both countries.
Another significant benefit of the agreement is the promotion of environmental and labor standards. The agreement includes provisions on environmental protection, including the promotion of sustainable forestry, the conservation of marine resources, and the prevention of pollution. The agreement also includes provisions on labor rights, including the promotion of worker rights and the protection of workers` health and safety.
In recent years, there has been some controversy surrounding the Free Trade Agreement, particularly regarding the importation of salmon from Norway to the United States. Some critics have argued that Norwegian salmon is produced using unsustainable methods and that the agreement has led to a decline in the quality of salmon available in the United States.
Despite these concerns, the Free Trade Agreement between the United States and Norway remains an essential partnership that benefits both countries. The agreement has helped to increase trade and economic growth while promoting environmental and labor standards. As such, it is likely to continue to be a vital part of the relationship between the United States and Norway for years to come.