With a focus on trade, investment and sectoral cooperation, India and Norway have reaffirmed their commitment to strengthening bilateral economic ties. The third Session of the India-Norway Dialogue on Trade and Investment (DTI) was held in New Delhi on April 16, 2026. The discussions assumed significance as they marked the first such engagement after the implementation of the India-EFTA Trade and Economic Partnership Agreement (TEPA) in October 2025. Both sides underscored the agreement’s role in advancing economic cooperation and unlocking new opportunities for businesses in both countries. The dialogue reaffirmed India’s intent to build a future-oriented partnership with Norway, anchored in innovation, sustainability and shared economic growth, while deepening engagement with the broader EFTA bloc. The two countries agreed on the need to build resilient supply chains, enhance energy security, and promote stronger economic linkages.

Trade between India and Norway has shown steady growth in recent years. India’s exports to Norway increased from around $270 million in 2014 to $439 million in 2025, while services exports reached $876 million in 2024, reflecting the expanding scope of the partnership. A key highlight of the dialogue was the emphasis on leveraging TEPA to expand market access and encourage investment flows. The agreement provides duty-free access for a range of agricultural and allied products, opening new avenues for farmers, MSMEs, women entrepreneurs and innovation-driven businesses to integrate into global value chains.

Both sides also discussed early gains from the agreement’s implementation and identified areas requiring attention, including tariff benefits, regulatory frameworks, certification processes and compliance costs. They agreed to address these challenges through continued consultations and mutually agreed mechanisms. Sectoral cooperation emerged as a major focus area, with discussions spanning energy, renewable technologies, green hydrogen, maritime collaboration, pharmaceuticals, biotechnology, tourism, skill development and digitalisation. Opportunities in sustainable shipping, offshore technologies and low-carbon solutions were also explored.

Norway highlighted growing investor interest in India, including through sovereign and development funds, particularly in renewable energy projects. India, on its part, pointed to institutional support mechanisms such as the establishment of an EFTA Desk under Invest India to facilitate business engagement. Looking ahead, both countries agreed to intensify high-level exchanges, industry interactions and business missions. They also decided to hold regular quarterly consultations to address trade-related issues and further strengthen cooperation.