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Title : Norway salmon sales JV barred from China exports
Author(s) :
Source : Undercurrent News
Year : 2018
Link : https://www.undercurrentnews.com/2018/02/13/norway-salmon-sales-jv-barred-from-china-exports/
Country : Norway
Commodity: SE-Fish and fish products
Abstract: Ocean Quality, a joint venture between Norwegian salmon farmers Grieg Seafood and Bremnes Seashore, has been “excluded” from sales to China after supplying incorrect information to their home country’s food safety regulator. The company, which is 60% owned by Grieg and 40% by Bremnes, has received a decision from the Norwegian Food Safety Authority (NFSA) “implying that Ocean Quality is excluded from exporting to China on the basis that it has been provided incorrect information to the NFSA in connection with such export”, said Grieg, in a note to the Oslo stock exchange. Ocean Quality can still sell salmon from its Scottish operations and farms in British Columbia, on the west coast of Canada, the company said. This comes as Norway's direct salmon sales to China increase, after the "normalization" of trade between the two countries. In late 2016, Norway and China began to normalize political and trading relations following a diplomatic row over the 2010 award of the Nobel Peace Prize to a Chinese dissident.