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Recently contacts between the two countries have been developing very intensively, said President Vladimir Putin at talks.
In 2004, trade turnover grew by 36%. There are very good prospects for Russian-Norwegian cooperation in the oil and gas industry and in development of northern territories.
A noticeable growth in mutual investments can be seen. Direct investments from Norway in the Russian economy have already passed the 4 billion Krone mark. The presence of Russian companies in Norway is growing.
Norway has supported Russia in the issue of joining the World Trade Organisation.
June 20, 2005, The Kremlin, Moscow