On 7 July 2017, the Finance Ministers of China and Norway met in Hamburg in the margins of the G20 Summit. The ministers discussed the global economic situation and the strong economic links between the two countries.
The ministers also recognized the importance of starting negotiations on the update of the tax treaty between the two countries when necessary.
Finance Minister Siv Jensen said, “Since the present tax treaty was signed in 1986 there has been a substantial development in the economic relationship between our two countries and the international framework for tax. A modernization and customization of the treaty, especially to avoid double taxation, would further promote trade and investments between China and Norway”.