SHARE
COPY LINK

BANK

Norway joins China bank despite Nobel spat

A total of 57 countries have been approved as founding members of a new Chinese-backed infrastructure bank, Beijing said on Wednesday, including Norway, despite relations being in a diplomatic deep freeze since a Chinese dissident won a Nobel Prize.

Norway joins China bank despite Nobel spat
Chinese president Xi Jinping with heads of delegations following the signing ceremony of the Memorandum of Understanding (MOU) on Establishing the AIIB. Photo: AIIB
No nations that formally sought to become founding members of the Asian Infrastructure Investment Bank are known to have been refused, although Taiwan, the self-governing island that Beijing regards as part of its own territory, had its application rejected.
 
The latest seven countries approved as founding members by Wednesday's deadline were named by China's finance ministry as Sweden, Israel, South Africa, Azerbaijan, Iceland, Portugal and Poland.
 
They bring the total number of founding members to 57, including four of the United Nations Security Council's permanent five, 14 of the 28 European Union countries, and 21 members of the 34-strong Organization for Economic Cooperation and Development (OECD).
 
The line-up does not include the United States or Japan but represents a diplomatic coup for China after close US allies such as Britain, France, Germany and Australia decided to participate even after Washington initially opposed them signing up.
 
The institution is aimed at financing infrastructure development in Asia but critics have expressed concern about its standards and that it could rival the US-led World Bank and the Asian Development Bank, which is headed by Japan.
 
China has repeatedly said the institution is "open and inclusive" and Norway's approval came despite Beijing cutting all high-level ties with Oslo after the Nobel Peace Prize went to Liu Xiaobo in 2010.
 
The Norwegian government has repeatedly maintained that the Nobel Committee is independent and makes its own choices, but Chinese authorities have torpedoed any attempts at normalizing relations.
   
Taiwan, which Beijing regards as part of its territory awaiting unification since a civil war in 1949 and as such opposes international recognition for it, had its application for founding membership rejected. China said it would
welcome the island to join in the future "under an appropriate name".

BUSINESS

Norwegian salmon farming moves to cleaner indoor waters

Hundreds of thousands of salmon swim against the current in southeast Norway -- in massive indoor tanks away from the nearest river as the controversial industry increasingly embraces greener land-based facilities.

Norwegian salmon farming moves to cleaner indoor waters
Salmon farms are being moved indoors. Photo by Brandon on Unsplash

The fish live in two gigantic pools inside an inconspicuous industrial building in Fredrikstad owned by a company that plans to raise salmon in similar settings even further afield, in the United States.

By raising the salmon on land, the industry is attempting to move away from the river or sea cages that have invited criticism over a slew of issues.

The problems run from costly mass escapes to fish infected with sea lice treated with chemicals to mounds of faeces and feed piling up on the seabed below the farms.

“At sea, you depend on the almighty for many things. In a land-based farm, we are suddenly the all-powerful one,” Fredrikstad Seafoods general manager Roger Fredriksen told AFP.

“Here we control everything: temperature, oxygen, pH, CO2,” he said as he gave a tour of Norway’s first land-based salmon farm, opened in 2019.

Pumped from the nearby mouth of Norway’s largest river, the salt water that feeds the facility is treated with UV light to eliminate viruses and bacteria and afterwards it is cycled and filtered through a loop for repeated use.

Under a faint blue light, designed to trigger their appetite, the salmon swim day and night as they are fed food pellets from an overhead dispenser.

When they reach between four and five kilograms (nine and 11 pounds), they are harvested.

“The fish have a very firm consistency,” said veterinarian Sandra Ledang, head of production at the adjacent abattoir.

“That’s because it swims against the current all its life, from the moment it arrives in our facilities until it is slaughtered. It exercises absolutely
every day,” she added.

As populations are expected to increase, with almost 10 billion mouths to feed by 2050, food production needs to be optimised.

While salmon, which is rich in protein, is still a luxury in many places, it is finding new customers among the growing middle class, particularly in Asia.

Matthias Halwart, a senior officer in the fisheries department of the UN’s Food and Agriculture Organization (FAO), sees clear benefits to recirculating aquaculture systems (RAS), like those tested in Norway.

“You have fully controlled environment for the fish, a very low water use, a very good disease control, a very efficient land use, you can optimize your feeding strategies and you can have a very good proximity with the market,” Halwart tells AFP.

READ ALSO: Norway fails to agree fishing quote deal with the UK

Proponents say that although land farms require a lot of energy, their proximity to consumers reduces the use of transportation, making them better for the environment.

Land-based farming projects are already spreading around the world and soon salmon now primarily raised in Norwegian, Chilean, Scottish and Canadian waters will also be produced in Japan, Florida or China.

Nordic Aquafarms, the parent company of Fredrikstad Seafoods, is working on two farms in the United States, one in Maine on the east coast, the other in California on the west coast.

The plan is to use Icelandic salmon roe to raise the fish there.

“The idea is to produce locally. No need to fly salmon over the ocean from one continent to another,” Fredriksen said.

Happy fish?

However, production costs are still higher, and land-based salmon farming is currently considered more as a complement than a substitute for sea- or river-based farming.

NGO Compassion in World Farming, which campaigns against intensive factory farming, fears that the quest for profits will come at the expense of animal welfare.

“We estimate that the minimum density necessary for profitability is 50 kilograms per cubic metre of water,” said Lucille Bellegarde, in charge of agri-food affairs for the French branch of the organisation.

But she lamented that the “average density found in existing systems is more like 80 kilograms per cubic metre” — eight times denser than what the NGO recommends.

Fredriksen said these fears are misguided as his farm cares about the welfare of the salmon.

“If the fish are not happy, they don’t grow.”

SHOW COMMENTS