Changes to the Division of Responsibilities Between the Ministry of Trade, Industry and Fisheries and the Ministry of Foreign Affairs

Translated with the assistance of artificial intelligence

'The geopolitical situation, characterized by increasing instability and unpredictability, is affecting trade policy to a greater extent than it has for a long time. It is sensible to gather the main responsibility for trade policy and trade law expertise in one place rather than splitting it between two ministries, as is the case today. In recent years, Norway has concluded a historically high number of trade agreements, including with India and the Mercosur countries Brazil and Argentina. These agreements have opened up major new markets for Norwegian businesses,' said Prime Minister Jonas Gahr Støre.

As a result of this change, experts in trade law and trade negotiations currently working at the Ministry of Trade, Industry and Fisheries will move to the Ministry of Foreign Affairs.

'Trade policy, foreign policy, and security policy are becoming increasingly interconnected. Bringing these professional environments together will improve coordination and make better use of the ministries' combined expertise and resources. This will better equip us to safeguard Norwegian interests in both bilateral and multilateral trade relations,' said Minister of Foreign Affairs Espen Barth Eide.

At the same time, the Minister of Trade and Industry's responsibility for business promotion will be strengthened and clarified. This includes, among other things, a greater role in managing the strategic priorities of Norway's foreign missions and the transfer of the Ministry of Foreign Affairs' business promotion grant scheme to the Ministry of Trade, Industry and Fisheries.

In the Revised National Budget, the Government has also proposed that the Ministry of Trade, Industry and Fisheries assume responsibility for the Norwegian Energy Partners (NORWEP) foundation.

'In the years ahead, we must adapt, strengthen our competitiveness, and reduce vulnerabilities. This is essential to securing both current and future value creation. In recent years, we have established several important industrial partnerships, including with France and Germany. We will strengthen our efforts to promote Norwegian businesses in both new and traditional markets and facilitate increased exports from Norwegian companies,' said Minister of Trade and Industry Cecilie Myrseth.

These changes will take effect on 1 June 2026.

This is a preliminary translation, using AI. The text has also been proof read by our employees, but there can be certain discrepancies from the original Norwegian text. An updated official translation will follow.