Bilateral cooperation between Norway and Brazil is extensive within several industry sectors, as well as in connection with the environment and education, with new areas of cooperation being developed constantly. The most recent step forward is the signing of a memorandum of understanding on maritime transport.
The memorandum was signed by Norway and Brazil on November 16 2015 with the aim of enhancing cooperation between the two countries within the area of maritime transport. The memorandum is in line with the Norwegian government's long-term cooperation strategy for Brazil. The goal is to reinforce the partnership in those domains in which each country has strengths and expertise to offer the other, and where cooperation will result in mutual enrichment and economic growth and development.
The purpose of the memorandum as it relates to maritime transport is to increase both public and private sector cooperation and awareness to ultimately create mutual economic opportunities and to promote investment. The two countries will establish direct cooperation between their respective administrative agencies in order to increase awareness of areas of mutual interest and to identify ways to best promote the cooperation within the main areas:
- international maritime transport;
- port services;
- offshore navigation support services;
- chartering of vessels; and
- other services related to the maritime transport sector.
A coordinating committee with representatives from both countries will be established, with regular meetings to be arranged in order to prioritise upcoming activities, assess progress and measure results achieved. On the Norwegian side, the coordinating committee will be led by representatives from the Norwegian Ministry of Trade, Industry and Fisheries.
For further information on this topic please contact Oddbjørn Slinning at Wikborg Rein's Oslo office by telephone (+47 2282 7500) or email (firstname.lastname@example.org). The Wikborg Rein website can be accessed at www.wr.no.
This article was first published by the International Law Office, a premium online legal update service for major companies and law firms worldwide. Register for a free subscription.