The main reason for entering into investment agreements is to protect Norwegian investments abroad, especially in countries where the political and economic situation is unstable, and to ensure that Norwegian companies can compete with Norwegian companies on an equal footing with other countries. It is also important that the agreements promote investment in developing countries and thus contribute to the economic development of those countries. Since February 2008, Norway has been a party to 14 bilateral investment agreements (Chile, China, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Madagascar, Peru, Poland, Romania, Russia, Slovakia and Sri Lanka). In addition, the EFTA-Singapore Free Trade Agreement contains certain provisions on investment protection. Norway has not concluded such an agreement since the mid-1990s, as these agreements also protect foreign investment in Norway and uncertainty about the possible consequences of concluding new such agreements in Norway. The government has set up a committee of secretaries of state to clarify freedom of action when concluding investment agreements. The Committee assessed the advantages and disadvantages of investment protection agreements. The Committee prepared a draft model agreement for future investment agreements. The draft model agreement is now under public review.
This is followed by the draft model agreement and the cover letter for public review:Public Review – Cover letter (English translation) – Where this translation stands out for its importance from the original Norwegian text, priority is given to the original Norwegian text.