71877/687532 09/5380- 18.09.2014

Total Page:16

File Type:pdf, Size:1020Kb

71877/687532 09/5380- 18.09.2014 A ROYAL NORWEGIAN MINISTRY OF HEALTH AND CARE SERVICES EFTA Surveillance Authority Rue Belliard 35 B-1040 Brussel Your ref Our ref Date 71877/687532 09/5380- 18.09.2014 Response from the Norwegian Government to the EFTA Surveillance Authority’s letter of formal notice - legislation on private import of alcohol 1. INTRODUCTION Reference is made to the EFTA Surveillance Authority’s (“the Authority”) letter of formal notice to Norway for maintaining in force certain legislation on private import of alcohol, dated 18 June 2014. The letter was forwarded from the Norwegian Ministry of Finance to the Norwegian Ministry of Health and Care Services, which is responsible for the Norwegian legislation on alcohol. By the Authority’s e-mail of 3 July 2014, an extension of the deadline for Norway’s response was granted until 18 September 2014. On behalf of the Norwegian Government (“the Government”), the Ministry of Health and Care Services hereby gives its response to the letter of formal notice. The Government respectfully submits that the Norwegian requirement on functional and structural separation between the undertaking selling the alcoholic beverages and the undertaking delivering the beverages does not violate Article 11 and/or 36 EEA. The Government refers in this regard to its letters of 21 August 2012, 20 December 2012 and 24 January 2014, as well as to its letter of 21 December 2009'. In addition, the Government would like to make the following remarks. 1 Complaint concerning the import an distribution of alcohol in Norway, case 67389/539008. See the remarks on question 4 and 5.___________________________________________________________ Postal address Visiting address Telephone* Departement of Public Our officer POBox 8011 Dep Teatergt, 9 +47 22 24 90 90 Health Hege Christina 0030 Oslo Vat no. Bredesen [email protected] www.h0d.dq3.no 983 887406 +47 22 24 86 15 At the outset, the Government would like to note that it shares the Authority’s opinion that wine falls outside the scope of art. 11 EEA and 36 EEA, and that the following assessment is relevant for products covered by the EEA Agreement only. 2. RELEVANT NORWEGIAN LEGISLATION Under the Norwegian Alcohol ActA section 3-1 paragraph 1, the retail sale of alcoholic beverages containing more than 4.7 per cent alcohol by volume up to 60 per cent alcohol by volume may only be carried out by AS Vinmonopolet, a wholly State-owned company. For alcoholic beverages containing less than 4.7 per cent alcohol by volume, a separate retail sale licence may be granted according to section 3-lparagraph 2. The right to import alcoholic beverages is regulated in the Alcohol Act section 2-1, which sets out: “Alcoholic beverages may only be importedfrom abroad by parties who are authorised to engage in wholesale, hold a production licence, a retail sales licence extended to cover imports under section 3-1 third paragraph or a serving licence extended to cover imports under section 4-2 third paragraph. Under regulations issued by the Ministry, alcoholic beverages may however be imported by AS Vinmonopolet without a licence as mentioned in the first paragraph. Without such a licence, alcoholic beverages may also be imported by foreign powers ’ representations in Norway for official use, when they are imported duty free or pursuant to regulations issued by the Ministry. Alcoholic beverages may be imported from abroad bv private persons for personal use (private import) without a licence as mentioned in the first paragraph. The Ministry may issue further requirements which must be met in order for the importation to be regarded as private import, [emphasis added]. In the preparatory works to section 2-1 paragraph 3, it is clarified that in order for the activity to be considered private import, the private person must be in charge of the import. Further, the importing private person must not resell or use the imported alcoholic beverages in business activities.3 The Norwegian Alcohol Regulation4 section 15-5 sets out further requirements that must be met in order for the importation to be considered private import: 2 Lov 2. juni 1989 nr. 27 om omsetning av alkoholholdig drück m.v. (alkoholloven) 3 Otprp. nr. 53 (2008-2009) Om lov om endringer i lov 2. juni 1989 nr. 27 om omsetning av alkoholholdig drikk m.v. (opphevelse av forbudet mot privat innførsel av alkoholholdig drikk) page 36. 4 Forskrift 8. juni 2005 nr. 538 om omsetning av alkoholholdig drikk mv. Page 2 “Undertakings that deliver alcoholic beverages to private persons that import alcoholic beverages for personal use shall: 1) have an internal control system in place that secures that the requirements relating to delivery of alcohol are observed, cf chapter 8, 2) be independent from the vendor of the alcoholic beverages that is being delivered and shall not receive any director indirect advantage from the sale besides normal remuneration from the service and 3) shall not have permanent places of delivery of alcoholic beverages besides what is part of their normal system for distribution of all lands of consignments. ”5 The requirement in no. 2 (“the separation requirement”) entails that the vender himself is not permitted to transport the beverages into Norway in the context of private import; the seller must deliver the beverages to the buyer or a transporter outside Norwegian territory.6 The requirement intends to safeguard the Norwegian system of retail sales of alcohol in Norway through the monopoly or through undertakings which have been granted a licence for retail sale of alcoholic beverages. The alcohol regulation section 15-3 reads: “AS Vinmonopolet may import alcoholic beverages fórjale to someone who has ordered a product for personal consumption if that product is not available in Vinmonopolet’s product range. “ [emphasis added]. This provision was introduced before it was opened up for the consumer's own private imports after the Rosengren case. 7 AS private parsons were not allowed to import the products themselves, the purpose of the provision was to establish a system that would give private persons the possibility to buy products Vinmonopolet could not provide from a wholesaler. This was done by giving Vinmonopolet the right to import these products for sale to the private person as an exemption from the main rule that Vinmonopolet as a retailer could not be an importer. As the provision reads, this is a sale from Vinmonopolet to a private person and not private import (which requires that the private persons themselves buys the alcoholic beverages directly from the seller outside Norway). The private buyer have to place the order at Vinmonopolet. In the consultation document dated 5 December 2008s on amending the legislation related to private import of alcoholic beverages section 4.9, the Ministry concluded that import of 5 Unofficial translation. 6 For further information on the separation requirement, see the letters of 21 August 2012 and 25 January 2014 from the Norwegian Ministry of Health and Care Services to the Authority. 7 Case C-170/04 Rosengren and others, 8 Høringsnotat - Forslag til endringer i alkoholloven og alkoholforskriften. Utredning av opphevelse av forbudet mot privat innførsel av alkoholholdig drikk. Available at http://www.reg3eringen.n0/upload/HOD/Dokumenter%20FHA/SAN/Hoeringsnotat.pdf#search-privati mport&regj_oss=l Page 3 alcoholic beverages for sale to private persons for personal use through Vinmonopolet should remain a possibility even after the ban on private import was lifted, as an added service from Vinmonopolet to the customers. On this basis, no changes in the alcohol regulation section 15-3 were proposed. According to Vinmonopolet, the possibility of acquiring alcoholic beverages on the basis of section 15-3 has not been used since 2009. When it comes to the delivery arrangement connected to section 15-3 sales, Vinmonopolet informs that they have never performed the delivery themselves and that they do not foresee to do so in the future either. Vinmonopolet previously had a delivery agreement with Marine Express when selling alcoholic beverages based on section 15-3, but as the system has not been used for many years, this agreement has not been renewed. 3. PRELIMINARY REMARKS ON THE SEPARATION REQUIREMENT The Authority has in its assessment considered the separation requirement to constitute a restriction on free movement of services and goods. The Government is however of the view that the separation requirement is merely a distinguishing feature between two types of arrangements, subject to different regulations. The distinguishing feature should thus not in itself be regarded as a restriction on trade and in itself subject to demands of justification. The concept of private import in the Norwegian alcohol legislation presupposes a transaction between a person in Norway and a retailer outside Norway, where the point of sale of the commodity is also outside Norwegian territory. The separation requirement stresses the distinction between this arrangement and retail sale in the Norway. An arrangement where both the contract of sale of beverages and the delivery to the private consumer in Norway are carried out by the same undertaking, must in fact be considered retail sale in Norway. The separation requirement merely seeks to clarify the distinction between the two types of arrangements, a distinction that would follow from an interpretation of the arrangements as such, whether this was directly regulated in the regulation or not. The Government is thus of the view that the separation requirement serves as a legal clarification and is not a restriction in itself. The separation requirement as a distinguishing feature finds its support in instruments of EU law. Reference is made to Directive 2008/118/EC9 Article 36, where distance selling is defined as goods “which are purchased by a person, other than an authorized warehouse keeper or a registered consignee, established in another Member State who does not carry out an independent economic activity, and which are dispatched or transported to another Member State directly or indirectly by the vendor or on his behalf’.
Recommended publications
  • 1 Introduction
    Brussels, 18 June 2014 Case No: 71877 EventNo:687532 Dec No: 22lll3lCOL Ministry of Finance Postboks 8008 Dep N-0030 Oslo Norway Dear Sir or Madam, Subject: Letter of formal notice to Norway for maintaining in force certain legislation on private importation of alcohol 1 Introduction In Norway, retail sale of alcoholic beverages may only be undertaken by the State monopoly AS Vinmonopolet ("Vinmonopolet"). However, a private person in Norway may import alcoholic beverages without the assistance or involvernent of Vinmonopolet into Norway, if it is intended for private use. Such importation may take the form of the importer carrying the beverages over the border himself, or he may have the goods delivered by a transport company authorised to deliver alcohol into Norway. The transport company delivering the alcoholic beverages to the private importer can only provide the transport service; it cannot have any other involvement in the sale as such, and must be independent from the seller. The Authority understands that it is not necessary that the buyer himself contracts with the transport company. It is permissible for the buyer to enter into one single contract with the seller, for the sale and delivery of alcoholic beverages (and, thus, a seller abroad may offer alcoholic beverages with home delivery in Norway). But the seller must then outsource its deliveries into Norway to an independent transport company, whose advantage from such sales must be limited to normal remuneration for the transport service. The EFTA Surveillance Authority ("the Authority'') considers that this requirement of functional and structural separation between the undertaking selling the alcoholic beverages and the undertakings delivering the beverages violates the EEA rules on free movement of services and free movement of goods, as set out in Articles 36 atdlor 11 of the EEA Agreement, in so far as alcoholic beverages come under the product scope of the Agreement.
    [Show full text]
  • Exporter Guide Norway
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 3/1/2018 GAIN Report Number: NL8008 Norway Post: The Hague Exporter Guide Report Categories: Beverages Dried Fruit Exporter Guide Fishery Products Raisins Retail Foods Snack Foods SP1 - Expand International Marketing Opportunities Special Certification - Organic/Kosher/Halal Tree Nuts Wine Approved By: Susan Phillips Prepared By: Marcel Pinckaers Report Highlights: This exporter guide provides practical tips for U.S. exporters on how to conduct business in Norway. Although a small market, Norway relies heavily on imports. There are export opportunities for U.S. exporters of specialty foods, wine, craft beer, seafood, tree nuts, food preparations and dried fruit. Especially well-known brands and products from the United States fare well in this affluent market. Introduction Norway is located in Northern Europe and is a part of the Scandinavian Peninsula. The majority of the country shares a border to the east with Sweden while its northernmost region is bordered by Finland to the south and Russia to the east. Norway's extensive coastline is facing the North Atlantic Ocean and the Barents Sea. Map of Northwest Europe With 324 thousand square kilometers, Norway belongs to the top ten largest countries in Europe. Norway is also one of the most sparsely populated countries in Europe and has a coastline ten times its length. Norway’s population is 5.2 million and the vast majority live in urban areas. Almost one million people live in its capital Oslo.
    [Show full text]
  • Doublethink: the Two Faces of Norway's Foreign and Development
    Doublethink: THE TWO FACES OF NORWAY’S FOREIGN AND DEVELOPMENT POLICY By Mark Curtis Mark Curtis er rådgiver på internasjonale utviklingsspørsmål og utenrikspolitisk analytiker. Han har skrevet fem bøker om britisk utenrikspolitikk og internasjonal utvikling, inkludert den kommende Secret Affairs: Britain’s Collusion with Radical Islam og bestselgeren Web of Deceit: Britain’s Real Role in the World (Vintage, 2003). Han har skrevet flere rapporter for frivillige organisasjoner om næringslivet, mat og landbruk, miljø, gruvedrift, handel og økonomiske spørsmål. Han har ledet World Development Movement, ledet policyavdelingen i ActionAid og Christian Aid, og vært stipendiat ved Royal Institute of International Affairs (Chatham House). Nettsider: www.curtisresearch.org og www.markcurtis.info. Rapporten er skrevet av Mark Curtis på oppdrag fra Forum for Utvikling og Miljø (ForUM). Synspunktene i denne rapporten er forfatterens, og reflekterer ikke nødvendigvis ForUMs synspunkter. Forsidefoto: Jonas Gahr Støre, Norges utenriksminister. Foto: Torbjørn Sønstrød. Utgitt: Første gang utgitt januar 2010. Rapporten kan lastes ned fra www.forumfor.no. FORORD Av Elin Enge, daglig leder, Forum for Utvikling og Miljø «Inntektene en stat innhenter, hvordan de innhentes, og måten den bruker dem på, definerer statens natur». Slik lyder den amerikanske oljestatsforskeren Terry Lynn Karls tese. Hva er så Norges natur? Om den finnes, er den neppe like ren som snø eller våre fjorder. Og langt mindre kjent. Noen av de største utfordringene i verden i dag er å takle klimakrisen, bekjempe fattigdom og å dempe og forebygge krig og konflikt. Dette er områder hvor Norge anser seg for å være foregangsland. Da utenriksministeren i fjor kom med den såkalte Refleksmeldingen om hovedlinjene i utenrikspolitikken – den første på tjue år – ble slike utfordringer betegnet som ”Norges utvidede egeninteresser”.
    [Show full text]
  • Norway's Jazz Identity by © 2019 Ashley Hirt MA
    Mountain Sound: Norway’s Jazz Identity By © 2019 Ashley Hirt M.A., University of Idaho, 2011 B.A., Pittsburg State University, 2009 Submitted to the graduate degree program in Musicology and the Graduate Faculty of the University of Kansas in partial fulfillment of the requirements for the degree of Doctor of Philosophy, Musicology. __________________________ Chair: Dr. Roberta Freund Schwartz __________________________ Dr. Bryan Haaheim __________________________ Dr. Paul Laird __________________________ Dr. Sherrie Tucker __________________________ Dr. Ketty Wong-Cruz The dissertation committee for Ashley Hirt certifies that this is the approved version of the following dissertation: _____________________________ Chair: Date approved: ii Abstract Jazz musicians in Norway have cultivated a distinctive sound, driven by timbral markers and visual album aesthetics that are associated with the cold mountain valleys and fjords of their home country. This jazz dialect was developed in the decade following the Nazi occupation of Norway, when Norwegians utilized jazz as a subtle tool of resistance to Nazi cultural policies. This dialect was further enriched through the Scandinavian residencies of African American free jazz pioneers Don Cherry, Ornette Coleman, and George Russell, who tutored Norwegian saxophonist Jan Garbarek. Garbarek is credited with codifying the “Nordic sound” in the 1960s and ‘70s through his improvisations on numerous albums released on the ECM label. Throughout this document I will define, describe, and contextualize this sound concept. Today, the Nordic sound is embraced by Norwegian musicians and cultural institutions alike, and has come to form a significant component of modern Norwegian artistic identity. This document explores these dynamics and how they all contribute to a Norwegian jazz scene that continues to grow and flourish, expressing this jazz identity in a world marked by increasing globalization.
    [Show full text]
  • This Fredskorpset-Norway
    VUC LTTC OCE CC WCE Nr. 9 RAPPORT Odd Ragnar Hunnes Norleif Vik STUDENT EXCHANGE FOR DEVELOPMENT Report on a project Authors Odd Ragnar Hunnes and Norleif Vik Publisher Volda University College Year 2010 ISBN 978-82-7661-291-2 (digital version) ISSN 1891-5981 Front page Photo from Wikipedia Commons Print set Author Distribution http://www.hivolda.no/rapport © Author/Volda University College 2010 This material is protected by copyright law. Without explicit authorisation, reproduction is only allowed in so far as it is permitted by law or by agreement with a collecting society. The Report Series includes academic work in progress, as well as finished projects of a high standard. The reports may in some cases form parts of larger projects, or they may consist of educational materials. All published work reports are approved by the dean of the relevant faculty or a professionally competent person as well as the college’s research coordinator. CONTENTS PREFACE .................................................................................................................................. 5 COORDINATORS AND STUDENTS ..................................................................................... 6 SOME VITAL CONCLUSIONS ............................................................................................. 13 PART 1 PRESENTATION ...................................................................................................... 18 1.1 PLANNING ..................................................................................................................
    [Show full text]
  • General Information About Vinmonopolet in Norway
    GENERAL INFORMATION ABOUT VINMONOPOLET IN NORWAY Vinmonopolet is a monopoly situation in charge of the retail distribution of wine, spirits and strong beer in Norway. The products Vinmonopolet distribute are purchased from licensed suppliers which are called Grossister. LaMarc Wines holds a required license and agreements to act as a supplier to the monopoly. The organization have about 300 stores in Norway, in four different size categories. The population of Norway is approximately 5,2 million people. Vinmonopolet has approximately 18 000 products in its product range at this stage, and every year they purchase about 300 new products. Most of the products are purchased via the normal tender procedure, where Vinmonopolet announce a tender request and different products submitted will be judged on quality in relation to price in a blind tasting session. The volumes required for a product varies a lot, depending on the price, distribution and idea with a listing. Overall Vinmonpolet purchases more products and smaller volumes than what Systembolaget (Swedish monopoly) usually purchases. The Norwegian retail alcohol monopoly is as the other Scandinavian monopolies very pro organic products, and this we believe will be a trend that we will see more of within the next 5 years period. INFORMATION ABOUT VINMONPOLET AND THE TENDER SYSTEM As the monopoly tendering system is pretty complicated and difficult to understand, we´ve tried to summarize the process. For us it is very important that the producers we represent understand the procedure and by doing so participate with us in an ongoing, proactive work. Many producers today misunderstand the procedure due to unclear information from Scandinavian partners and we really want to avoid this.
    [Show full text]
  • Digital Leaders in Norway 2019
    Digital Leaders in Norway 2019 This study evaluates 78 leading Norwegian companies’ digital maturity across six dimensions: digital marketing, digital product experience, e-commerce, e-CRM, mobile and social media. It also includes a separate evaluation of 11 public organizations. www.bearingpoint.no digitalleaders.bearingpoint.com/norway Table of contents Editorial 3 Norwegian companies need Objectives and study sample 4 Research summary 6 to improve to keep up with Key findings 8 their European peers. We Digital Leaders at a glance 10 encourage them to take Dimensions of digitalization Digital marketing 14 a strategic approach to Digital product experience 16 digitalization, focus on the E-commerce 18 E-CRM 20 customer journeys and start Mobile 22 Social media 24 turning data into value. Industries Summary 28 Telecom 30 Retail 31 Food retail 32 Passenger transportation 33 Media 34 Insurance 35 TV & broadband 36 Bank 37 Energy 38 Consumer products (food) 39 Public sector Digital Leaders in Norway 2019 Purpose and selection criteria for the public sector 42 Summary of findings 44 Key findings 46 Dimensions of digitalization Digital presence 50 Digital experience 52 e-CRM 54 Mobile availability 56 Social media 58 Digital Leaders in Europe Summary 62 Top 10 European companies 64 European Digital Leaders by 66 digital dimension Summary What Norwegian companies could learn 72 from global forerunners Appendices All rankings 78 BearingPoint on digitalization 84 Authors 85 Editorial Digital leaders are customer-centric, focused on providing excellent customer journeys. They manage to turn data into value, and they have a digital leadership that ensures the right priorities, capabilities and momentum.
    [Show full text]
  • 1 Peacebuilding As Small State Foreign Policy: Norway's Peace
    Peacebuilding as Small State Foreign Policy: Norway’s Peace Engagement in a Changing International Context Forthcoming in International Studies (2014) Kristian Stokke Department of Sociology and Human Geography, University of Oslo Abstract This article examines the emergence and transformation of Norway’s peace engagement in the context of changing international relations. Focusing on foreign policy discourses and practices, the article portrays peace engagement as value-based efforts to support resolution of distant intrastate conflicts, and a strategy to promote Norway’s interests and influence in international relations. The article also argues that changing international relations after the turn of the century has challenged and reoriented Norway’s peace engagement in a more realist direction. Foreign policy discourses and practices are increasingly based on a broad notion of interests that also includes ideals of peace, democracy and development. This means that peace engagement can support a domestic political consensus on foreign policy, and simultaneously promote Norway’s standing, relevance and influence in international relations. Peace engagement has thus been institutionalized as a foreign policy that promotes peace while also addressing the challenges associated with smallness in international relations. Keywords: small state, foreign policy, discourse, peace, Norway, Sri Lanka, Burma/Myanmar 1 Introduction Studies of international relations have tended to privilege major actors in world politics, their economic and security interests, and hard power capabilities and strategies. Small states have been given less overall attention and their international strategies are often portrayed as ‘playing it small’ by aligning themselves to major powers in security alliances to overcome their lack of hard power capabilities.
    [Show full text]
  • Act on the Sale of Alcoholic Beverages, Etc. (Alcohol Act)
    Unofficial version 01.09.2020 Act on the Sale of Alcoholic Beverages, etc. (Alcohol Act) Date ACT-1989-06-02-27 Ministry Royal Ministry of Health and Care Services Last amended ACT-2020-06-23-111 from 01.09.2020 Published ISBN 82-504-1491-8 Entry into force 01.01.1990 Legal area Commercial law ► Import and export Commercial law ► Food and alcohol Short title Alcohol Act – alkhl Table of Contents Act on the Sale of Alcoholic Beverages, etc. (Alcohol Act) ............................................................................... 1 Table of Contents ............................................................................................................................................. 1 Chapter 1. General provisions. ....................................................................................................................... 2 Chapter 2. Import and export ....................................................................................................................... 12 Chapter 3. Sale of alcoholic beverages. ........................................................................................................ 13 1 I. General provisions ................................................................................................................................ 13 1 II. Sale of alcoholic beverages in categories 2 and 3. ............................................................................. 15 1 III. Sale of alcoholic beverages in category 1. .......................................................................................
    [Show full text]
  • The State Ownership Report 2019
    The State Ownership Report 2019 Contents The Minister’s introduction 7 Category Goal of the highest possible Scope and key figures 8 return over time and where Key issues for the State as owner 16 the State no longer has a How the State exercises its ownership 22 A sustainable portfolio for 1 rationale for its ownership long-term value creation 34 Ambita AS 42 Baneservice AS 43 Entra ASA 44 Flytoget AS 45 Giek kredittforsikring AS 46 Mesta AS 47 Category Goal of the highest possible return over time and where the State has a special 2 rationale for its ownership Aker Kværner Holding AS 50 Argentum Fondsinvesteringer AS 51 DNB ASA 52 Eksportfinans Norway ASA 53 Electronic chart centre AS 54 Equinor ASA 55 Investinor AS 56 Kommunalbanken AS 57 Kongsberg Gruppen ASA 58 Mantena AS 59 Nammo AS 60 Norsk Hydro ASA 61 Nysnø Klimainvesteringer AS 62 Posten Norge AS 63 Statkraft SF 64 Telenor ASA 65 Vygruppen AS 66 Yara International ASA 67 Category Goal of the most efficient possible attainment of 3 public policy goals Andøya Space Center AS 70 Simula Research Laboratory AS 104 Avinor AS 71 Siva – Selskapet for Industrivekst SF 105 Bane Nor SF 72 Space Norway AS 106 Bjørnøen AS 73 Statnett SF 107 Carte Blanche AS 74 Statskog SF 108 Den Nationale Scene 75 Staur gård AS 109 Andøya Space Center AS 76 Store Norske Spitsbergen Kulkompani AS 110 Den Norske Opera & Ballett AS 76 Talent Norge AS 111 Avinor AS 77 Trøndelag Teater AS 112 Eksportkreditt Norge AS 77 Universitetssenteret på Svalbard AS 113 Enova 78 Vinmonopolet AS 114 Entur AS 79 Fiskeri- og
    [Show full text]
  • Regulatory Reform in Norway
    Regulatory Reform in Norway MARKETISATION OF GOVERNMENT SERVICES – STATE-OWNED ENTERPRISES © OECD (2003). All rights reserved. 1 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Co-operation and Development (OECD) shall promote policies designed: • to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy; • to contribute to sound economic expansion in Member as well as non-member countries in the process of economic development; and • to contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations. The original Member countries of the OECD are Austria, Belgium, Canada, Denmark, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The following countries became Members subsequently through accession at the dates indicated hereafter: Japan (28th April 1964), Finland (28th January 1969), Australia (7th June 1971), New Zealand (29th May 1973), Mexico (18th May 1994), the Czech Republic (21st December 1995), Hungary (7th May 1996), Poland (22nd November 1996), Korea (12th December 1996) and the Slovak Republic (14th December 2000). The Commission of the European Communities takes part in the work of the OECD (Article 13 of the OECD Convention). © OECD 2003 Permission to reproduce a portion of this work for non-commercial purposes or classroom use should be obtained through the Centre français d’exploitation du droit de copie (CFC), 20, rue des Grands-Augustins, 75006 Paris, France, tel.
    [Show full text]
  • Inflation Report 1/2003 Monetary Policy in Norway
    Reports from the Central Bank of Norway No 1/2003 Inflation Report 1 03 March 2 The Inflation Report is published three times a year, and together with Financial Stability, is part of Norges Bank’s series of reports. The report is also available on Norges Bank’s website: http://www.norges-bank.no. The series of reports is included in the subscription for Economic Bulletin. To subscribe please write to: Norges Bank Subscription Service PO Box 1179 Sentrum N-0107 Oslo Norway Telephone: +47 22 31 63 83 Fax: + 47 22 41 31 05 E-mail: [email protected] Editor: Svein Gjedrem Design: Grid Strategisk Design AS Setting and printing: Reclamo grafisk senter AS The text is set in 11½ point Times ISSN 0807-8521 Inflation Report 1/2003 Monetary policy in Norway Objective The Government has defined an inflation target for monetary policy in Norway. The operational objective is an inflation rate of 2½% over time. In general, the direct effects on consumer prices resulting from changes in interest rates, taxes, excise duties and extraordinary temporary disturbances are not taken into account. Norges Bank places particular emphasis on CPI inflation adjusted for tax changes and excluding energy products (CPI-ATE) when assessing underlying inflation. Horizon and implementation 3 The effects of monetary policy occur with long and variable lags, and Norges Bank is forward-looking in interest rate setting. The key rate (the sight deposit rate) is set on the basis of an overall assessment of the inflation outlook, normally with a view to achieving an inflation rate of 2½% two years ahead.
    [Show full text]