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Norway started negotiating with China about a new trade policy in 2008. This was going well, and Norway might have been the first European country to get such a

• arethuza 16y ago
  Presumably Norway is one of the few countries that doesn't have to worry too much about upsetting the Chinese - they have huge amounts of money and oil and Russia in between them and the Chinese.
  • jacoblyles 16y ago
    Having money doesn't mean that trade embargoes or tariffs won't hurt a country at the margin. The goods that are available to them to buy with that money through international trade will decline in number, which is a clear loss. You can't live on oil alone.
    • riffraff 16y ago
      well, you may not be able to live on oil alone, but the oil funded norwegian sovereign fund already owns 1% of the global equity markets and are heading for 2% of the european stock markets (with the oil still being pumped out). Moreover, an embargo is only effective if it can be enforced, there is nothing stopping chinese goods going from other european countries, they would only have a bit higher overhead.