China and Norway free trade resume. Salmon market share in China, let us wait and see.
On 19th December, Norwegian Foreign Minister Brund visited China and issued a statement on the normalization of bilateral relations. The bilateral free trade is back on track.
The Chinese market is developing at an unprecedented rate. Norwegian fishery companies are also sparing no effort to develop the Chinese market, but in 2010, the Norwegian Nobel Committee disregarded Chinese law, the Peace Prize was awarded to Liu Xiaobowho sentenced to imprisonment by the Chinese judicial authorities for violating Chinese law. This behavior led to tensions in Sino-Norwegian relations, bilateral trade has also been affected.
At present, the Norwegian government made a profound reflection on the past mistakes, and sincerity, thus easing the relationship between the two sides. Since then, the domestic aquatic market may see more delicious from Norway.
At present, the main aquatic product is salmon. On October this year, Norway has exported 200 million tons of seafood, exports of 1.149 billion US dollars, compared with same period last year, exports decreased by 9%, exports increased by 16%. Including salmon exports 80 tons, exports of 600 million US dollars, exports fell 8% over the same period last year, and exports grew 23%.
The latest average price of Norwegian salmon is 73-75 kroons / kg, due to the upcoming New Year will be prices. The Sino-Norwegian free trade backs to normal, which greatly encourages the Norwegian salmon and other aquatic products into the Chinese consumer market. However, according to the current form, the price of Norwegian salmon may not decrease significantly until the end of the first quarter of next year, and then there may be a turnaround, and Norway will also face competition from other major salmon producers. Market share, let us wait and see.