India and Norway ink MoU on “Blue Economy” and “Sustainable Development Goals”

The leaders of both the nations held delegation-level talks and
discussed ways to give “new energy and direction” to bilateral ties

(1) Prime Minister Narendra Modi and his Norwegian counterpart Erna Solberg held a bilateral delegation level talk and signed a MoU on Blue Economy and Sustainable development goals on 8th January, 2019.

(2) Norwegian Prime Minister Erna Solberg, who is on a three-day visit to India, delivered the inaugural address at the Raisina Dialogue in New Delhi. On this occasion, both the sides expressed the desire to maintain high-level exchanges and enhancing cooperation through the existing mechanisms of bilateral interaction.

(3) Both the leaders exchanged MoU on Blue Economy or Economy on Oceanic resources and Sustainable development goals with respect to the sustainable development goals prescribed by UNO.

(4) The areas, cooperation in the fields of energy, climate change and environment was also discussed in the meeting. There was a constructive dialogue on how to work more closely together to protect rules-based international governance.

“Blue Economy” between India and Norway

“The ‘Blue Economy’ is an emerging concept which encourages better stewardship of our ocean or ‘blue’ resources. It underpins the thinking behind the Commonwealth Blue Charter, highlighting in particular the close linkages between the ocean, climate change, and the wellbeing of the people of the Commonwealth”.

(1) The MoU will support and strengthen the Oceanic base mutual relationship between both the countries on the area jobs, clean seas, resources, medicines and more opportunities.

(2) A Joint Task force will be established in order to execute this MoU successfully.

(3) Both the countries will manage Oceanic resources mutually with the goal of sustainable developments as per the globally expressed strategies by UNO

“Sustainable Development Goals” between India and Norway

“Sustainable development is the organizing principle for meeting human development goals while at the same time sustaining the ability of natural systems to provide the natural resources and ecosystem services upon which the economy and society depend.”

(1) India (the bigger democratic and higher sustainable development country) and Norway (small country with higher sustainable development country) will work towards multilateralism in times when there is increased protectionism.

(2) Sustainable Development Goals (SDGs) between these countries are a set of 17 global goals set by the United Nations in areas such as climate change, economic inequality, innovation, sustainable consumption and peace and justice.