|Type of Agreement |
|Agreement between the Kingdom of Norway and the European Union on a Norwegian Financial Mechanism for the period 2009-2014|
|Place of Signature|
|Date of Signature|
|Date of Entry Into Force|
|Objective of Agreement|
|The objective of the Agreement is to set up a framework for the functioning of the Norwegian Financial Mechanism.|
|The Kingdom of Norway undertakes to contribute for a five year period to the reduction of economic and social disparities in the European Economic Area, and to the strengthening of its relations with the Beneficiary States, through a separate Norwegian Financial Mechanism.
The financial contributions shall be available in the following priority sectors:
(a) Carbon Capture and Storage;
(b) Green Industry Innovation;
(c) Research and Scholarship;
(d) Human and Social Development;
(e) Justice and Home Affairs;
(f) Promotion of Decent Work and Tripartite Dialogue.
The total amount of the financial contribution shall be EUR 800 million, to be made available for commitment in annual tranches of EUR 160 million over the period running from 1 May 2009 to 30 April 2014, inclusive.
|Parties to the Agreement|
|Relation and Association with Other Agreements|
8722-Agreement between the European Union, Iceland, the Principality of Liechtenstein and the Kingdom of Norway on an EEA Financial Mechanism 2009-2014