The sector has welcomed news of the return to the negotiating table, aiming at signing a free trade agreement between China and Norway, following the political discord between the two countries in 2010.
The Norwegian Government has announced the return to normal trade relations with China, besides the re-establishing of negotiations to sign a free trade agreement between both countries.
The news has been welcomed in the sea products sector which, since 2010, has noted how veterinary controls and administrative constraints increased for selling into China, bringing Norwegian salmon exports to the Asian giant down to minimum volumes. In fact, this news has led Marine Harvest shares to reach their maximum level in 13 years and has increased the value of Grieg Seafood shares by 5%.