Looking for a specific product?

Make a search for products & suppliers, articles & news.

Norwegian policies towards Asia

State Secretary Morten Høglund's speech about Norwegian policies towards Asia – our place in a transitional global economy.


Good morning,
I welcome this opportunity to address current developments in Asia and the Government’s policies towards the region.

 

The most dramatic change in the world economy in recent decades has been the rise of Asia – both of individual countries as economic powers, and of the region as a whole. Asian regional cooperation used to be based on how countries defined their relationship with external actors such as the US or major European powers. Now, both self-interest and perceptions of common interests and values drive regional integration. More than half the world’s population lives in Asia, a continent that accounts for 34 % of the world’s GDP and 28 % of world trade. The Asian Development Bank has estimated that by 2050 more than 50 % of global GDP will be generated in Asia – compared to 27 % today. This means that in 20 years’ time, most of the economic growth in the world is likely to take place in Asia. At the same time, we should not forget the other side of the coin: territorial disputes, nationalism, historical mistrust and ideological differences all influence regional development. Many Asian states are vulnerable to changes in the global climate. Eighty per cent of the world’s natural disasters occur in Asia. Two thirds of the world’s poor live in Asia – most of them in the populous Asian middle-income states. The energy needs of the continent will be doubled by 2030, and half of this increase will be in China. The gas deal announced yesterday between Russia and China is significant.
This poses great challenges for the developmental path of Asian states, both individually and collectively.

Trade and economic developments in Asia

There is a good chance that we – the Western world – will continue to act as we have in Asia ever since the late 18th century: that we will pursue the potential for profit and the prosperous markets, just as when Japan and China first opened up for trade.
Our objective is to have a presence in the region. To protect our own interests. And to benefit from the growth in Asia.
What do we have to lose, if we don’t achieve this objective? We risk being bypassed by the rapid political changes that are taking place. Economic development paves the way for political influence. We are witnessing a global reshuffling of power as a result of changes in the distribution of economic strength. This has implications for global political priorities.
We must rethink our positions.

 

Concluding remarks

  • In closing, let me thank Professor Park and the highly capable team at NUPI for two valuable reports, and for this opportunity to share my thoughts with you today.
  • The pull of the Asian economies is not without political ramifications.
  • Asian states have an interest in translating economic power into political power – nationally, regionally and globally.
  • We welcome this development, but at the same time we must make sure that our own interests are aligned accordingly and are effectively upheld.
  • Our economic and trade interests in the region must be given high priority. Having said this, we must not neglect the wider political developments in the region or our deeply-rooted Norwegian values and policies, such as maintaining an international framework based on the rule of law, human rights and sustainable development.

 

 

If you would like to read the full speech, please visit regjeringen.no here.

 

 

Related news

Latest news

Eimskip strengthens its worldwide forwarding services by acquiring the logistics company SHIP-LOG A/S in Denmark

Eimskip has strengthened its position in worldwide logistics services by acquiring 75% of the freight forwarding company SHIP-LOG. 

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway!

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway! The entire shipbuilding and fabricating facility is closing and more than 500 lots is on sale.

Servogear CPP for Seasight II - Future of the Fjords

We are proud to announce that Servogear has been chosen for the delivery of Servogear...

TechnipFMC Signs Agreement with Pall to Supply Slurry Oil Filtration Systems for Fluid Catalytic Cracking Units

The associated activities will be managed by TechnipFMC Process Technology’s center in Houston,

10 Million kroner for verification funding

The Norwegian Research Council has granted 10 million...

Hilti acquires Oglaend System Group

Oglaend System’s headquarters will remain in Klepp, 

DOF Subsea AS ("DOF Subsea" or the "Company") today announces its intention to launch an initial public offering (the "IPO") of its ordinary shares and to apply for a listing on Oslo Børs

NOT FOR DISTRIBUTION OR RELEASE,

DOF Subsea North America extends charter for Jones Act Compliant vessel Harvey Deep Sea

The Harvey Deep Sea Vessel is a Multi-Purpose DPII Construction,

Untrue rumours about an on-going incident at the Halden Research Reactor in Norway

The Norwegian Radiation Protection Authority has become aware that stories about an ongoing incident involving a “meltdown” at the Norwegian Institute for Energy Technology (IFE) reactor situated in Halden are currently ci...