Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Norway, China normalise ties after Nobel Peace Prize row

Published 19/12/2016, 11:31
Norway, China normalise ties after Nobel Peace Prize row
SQ
-

OSLO/BEIJING (Reuters) - Norway and China on Monday normalised diplomatic and political ties, frozen since 2010 when Chinese dissident Liu Xiaobo was awarded the Nobel Peace Prize.

Norwegian Foreign Minister Boerge Brende said the two countries would immediately resume negotiations on a free-trade deal.

"Through meticulous and numerous conversations, the two sides have over the last years reached a level of trust that allows for resumption of a normal relationship," they said in a joint statement.

Chinese Foreign Minister Wang Yi said in a separate statement after meeting Brende in Beijing that in recent years relations had taken a serious step backwards.

"Norway deeply reflected upon the reasons why bilateral mutual trust was harmed, and had conscientious, solemn consultations with China about how to improve bilateral relations," Wang said.

Both sides reached an important consensus on the lessons learned and restoring mutual trust, which accords with the interests of Norway and its people and the correct direction of relations, he added, without mentioning Liu.

Chinese Premier Li Keqiang, in his meeting with Brende, said China was willing to start free trade talks, China's Foreign Ministry said, also without mentioning the Nobel laureate.

Liu, 59, a dissident involved in the 1989 Tiananmen Square (NYSE:SQ) pro-democracy protests crushed by the Chinese army, was jailed for 11 years in 2009 on subversion charges for organising a petition urging an end to one-party rule. He remains in prison.

The peace prize is chosen by a committee in Oslo, while other categories of the annual awards are decided in Stockholm.

Shares of Norwegian salmon exporters, which have largely been shut out of the lucrative Chinese market, rose on Monday, with Grieg Seafood and Marine Harvest up 2.1 and 1.1 percent respectively.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.