Norwegian ambassador: Azerbaijan's entry into WTO to attract investments in non-oil sector

Norwegian ambassador: Azerbaijan's entry into WTO to attract investments in non-oil sector

Azerbaijan, Baku, May 17 / Trend E.Ostapenko S.Agayeva /

Azerbaijan's entry into the World Trade Organization (WTO) may attract additional investments in the development of the economy's non-oil sector, Norwegian Ambassador Jon Ramberg said.

"Norway is the second largest foreign investor in Azerbaijan, and our investments are mainly concentrated in the petroleum sector. Azerbaijan's membership in the WTO could be the most important factor to stimulate interest [investment] in other sectors of the economy," Ramberg said in an interview with Trend on the eve of Norway's Independence Day.

Several Norwegian companies, the largest of which is Statoil, operate in Azerbaijan. The company participates in the development of the Azeri-Chirag-Guneshli and the Shah Deniz fields. The company also takes part in the Baku-Tbilisi-Ceyhan oil pipeline and is a commercial operator selling gas in the Phase 1 of Shah Deniz.

In the process of accession to the WTO, Azerbaijan is now involved in negotiations with 10 countries and the EU. Azerbaijan has been represented in the WTO since 1997 as an observer.

Ramberg said energy is the basis of the Azerbaijan-Norway cooperation.

"Norway is not included in the EU. Like Azerbaijan, Norway is an oil-producing country, which supplies most of its oil and gas to the European market," he said. "I think Azerbaijan and Norway are of crucial importance for EU's aspiration to diversify its energy supplies."

The EU actively lobbies the Southern Corridor project to diversify energy supplies. According to Nabucco Gas Pipeline International, gas demand in the EU will reach 617 billion cubic meters in 2012 and 656 billion in 2015.

Ramberg also noted significant bilateral contacts in science and culture, and emphasized the need to deepen the political dialogue.

Azerbaijan shows significant interest in Norwegian culture thanks to Thor Heyerdahl's research on the historical relations between the two peoples. The Norwegian side has financed archaeological excavations and restoration of a church in Kish near Sheki in northwestern Azerbaijan.

The sides also have relations in communications and education. A baccalaureate program to study Scandinavian countries opened in Baku in 2006. Today, about 40 Azerbaijani students study the Norwegian language, history, economy, politics and literature.

"Any embassy should feel that the potential for cooperation is always greater than the present level of relations. I also take the same attitude," Ramberg said.

Norway-Azerbaijan relations began to develop in the early 1990s. Diplomatic relations between the countries were established in 1992 and the country opened an embassy in Baku in June 1998.

Ramberg said Norway is involved in several major projects in Azerbaijan, mainly through the UNDP.

Norway has also provided humanitarian assistance to Azerbaijan. The Norwegian Council for Aid to Refugees and IDPs operated in Azerbaijan in 1995-2008. The Norwegian Red Cross has worked with the Azerbaijan Red Crescent Society in various projects for over 10 years.

Cooperation in security should be deepened given the situation in the South Caucasus, Ramberg said.

"The current level of security cooperation needs enhancement - between Azerbaijan and NATO and between Azerbaijan and Norway," he said.

Do you have any feedback? Contact our journalist at: [email protected]

Iranian tourists reduce visits to Turkey amid COVID-19 pandemic
Iranian tourists reduce visits to Turkey amid COVID-19 pandemic
Turkey sees decline in inflow of Azerbaijani tourists over 10M2020
Turkey sees decline in inflow of Azerbaijani tourists over 10M2020
Azerbaijan's state committee talks impact of COVID-19 on local tourism
Azerbaijan's state committee talks impact of COVID-19 on local tourism
Loading Bars
Units of the Azerbaijan Army entered the Kalbajar region
Pennsylvania certifies election results for Biden
Iran, Qatar sign MoU to cooperate on economy
Kalbajar region of Azerbaijan being liberated from Armenian occupation today
China, Japan eye closer cooperation amid COVID-19 pandemic
Construction of the TAPI gas pipeline in Afghanistan territory will continue next year
ICESCO SecGen sends letter to President Aliyev
Azerbaijani, Russian presidents hold phone talks
Urban transformation back on track for ‘abandoned’ Istanbul neighborhood
“Scorched earth” strategy of Armenians leaving Azerbaijani Kalbajar region did not escape EC attention - report
President Rouhani: Iran to be able to mass produce coronavirus vaccine soon
Turkmenistan is convinced of the need to attract political-diplomatic tools to achieve peace and prosperity in Afghanistan
Georgian banks see increase in interest income
Azerbaijan’s revenues from export of hazelnuts down
Azerbaijan’s import of plastics and plastic products drops
Turkmenistan will continue to cooperate with Afghanistan on security issues
Nursing homes will be first to get COVID-19 vaccine in Spain
Troops from Azerbaijan's Nakhchivan who took part in Karabakh conflict, return home (PHOTO)
Speaker of Azerbaijani parliament takes part in int’l conference initiated by Turkish parliament, PACE (PHOTO)
Any result that acceptable for Azerbaijan - acceptable for Turkey too, FM says
Volume of paid services in Azerbaijan’s Nakhchivan Autonomous Republic down
Azerbaijan shows aerial footage of Shusha city (VIDEO)
Kazakhstan eyeing to develop information system for accounting of oil and gas condensate
Anglo Asian Mining's production of precious metals in Azerbaijan may decrease
Uzbekistan eyes to increase share of renewable energy sources by 2030
Airbus CEO says industry might need until 2025 to reach pre-crisis levels
Parliament's plan to increase subsides - costly for Iranian government
Ukrainian companies enter Uzbek commodity exchange
National Bank of Georgia reveals data on losses of commercial banks
Import of sugar and confectionery by Azerbaijan down
Demand for Turkish electrical goods on Kazakh market grows in 10M2020
Azerbaijan confirms 1,259 more COVID-19 recoveries
Bahar Azadi gold coin price again falling in Iran
Azerbaijan discloses data on destroyed houses in liberated Fuzuli district
Baku Media Center prepares video covering Armenian vandalism on occupied territories of Azerbaijan (VIDEO)
Russian president hopes for participation of int’l organizations in Karabakh conflict settlement
Power abuse by major states prevents resolving conflicts - Russian FM
Uzbek-Korean JV to buy electrical products via tender
Turkmenistan offers business opportunities for Switzerland in number of fields
North-South Corridor - on Iran's agenda - Minister of Roads and Urban Development of Iran
Turkish, Russian military personnel to jointly patrol in Nagorno-Karabakh - Turkish MoD
Azerbaijan shows footage from Abdal, Gulabli villages of Aghdam district (VIDEO)
Egyptian air operator enters Uzbek market
Uzbekistan to introduce changes to electricity payments in 2021
Iran assigns more funds to complete unfinished projects
Turkmenistan's Turkmennebit opens tender for purchase of equipment
Azerbaijan’s startup sector expects big investments
Iran's ten-month import of steel from Turkey drops
Tesla set to breach $500 billion in market value
State budget for 2021-2023 approved in Kazakhstan following amendments introduction
Kazakhstan's bitumen output exceeds 2020 plan as maintenance works held country-wide
Port of Baku reveals total 10M2020 cargo shipments
New railway vehicles put into operation in Iran
Iran`s Zarif to visit Moscow and Baku despite postponement
Kazakhstan looking to double renewables share in electricity production
Iran continues to cut reliance on oil revenue
Volume of container transshipment between Kazakh, Azerbaijani ports almost triples
LUKOIL refusing plans to construct giant petrochemical complexes
Iran, Qatar sign an extensive Memorandum of Understanding to facilitate cooperation
Switzerland names main trade statistics with Turkmenistan
Dry cargo transshipments through Baku port grow in 10M2020
LUKOIL says reducing oil exports to Europe is inevitable
Georgia receives new buses of modern standards
Georgian hazelnuts exports up
Georgia sees increase in export of tangerines
Ryanair wants to be 'at front of queue' for new 737 MAX order
Azercell’s Mobile Eye Clinic joins campaign for IDPs initiated by the UN (PHOTO)
El Al to launch Tel Aviv - Dubai flights next month
Kazakhstan’s third-quarter economic performance benefits from recovery of oil prices
Azerbaijan informs UNESCO, ISESCO about results of initial monitorings on liberated areas
Turkmenistan’s private sector participates in dev't of poultry farming
Iran discloses plan on creation of new jobs in Yazd Province
Destroyed Armenian positions firing at Azerbaijani army during recent hostilities shown (PHOTOS)
Central Bank of Azerbaijan discloses data from foreign exchange auction
CBI announces Iran's external debt
Azerbaijan starts to grow bananas - Azerbaijani Ministry of Agriculture
Azerbaijani servicemen help Armenians to move belongings from villages of Aghdam district (VIDEO)
PAYSIS expanding range of innovative services in Azerbaijan
Iran reveals COVID-19 data for November 24
E-Space reveals volume of EVs registered in Georgia
Azerbaijan discloses volume of tobacco harvested this season
Russian insurance agency to fund Uzbekistan’s hydrocarbon raw materials production
Iran to boost apple production
Georgia reveals volume of exported apples
Income of Chinese contractor of infrastructural projects in Georgia up
We were able to get necessary international support in key issue for us - President Aliyev
LUKOIL says $40/bbl is worst case scenario for oil prices
If we had not created necessary legal framework for resolving conflict, we could have faced problems today - President Aliyev
Iran registers order at COVAX to buy vaccine
Air traffic reduces in Georgia - EUROCONTROL
Second asphalt layer of Ashgabat-Turkmenabat highway being laid
Russian Export Center discloses value of support for exports to Azerbaijan
Azerbaijan's import of limestone, cement down in 10M2020
Aghdam operation was part of our plans - President Aliyev
Kocharyan and Sargsyan, you have knelt before us - President of Azerbaijan
We will restore the city of Aghdam - President of Azerbaijan
No-one should worry, especially leaders of Western countries - President Aliyev
Pashinyan imprisoning captures all opposition, West remains silent - President Aliyev
Many times when I was on line of contact, in trenches, I thought that one day we would return - President of Azerbaijan
I said, Pashinyan, you personally must give us a timetable, you must do it yourself - President Aliyev
All news