"That is also an important parameter of the Oslo process," Foreign Minister Borge Brende said.
Brende expected Israeli-Palestinian peace talks to resume after the general election in Israel, which is slated for March 17.
"There is no chance to resume the peace talks before Israeli election," he told The Anadolu Agency.
Direct, U.S.-sponsored Palestinian-Israeli peace talks ground to a halt in April of 2014 after Israel failed to honor a pledge to release a group of Palestinian prisoners despite earlier promises to do so.
The roots of the current conflict between Palestinians and Israelis date back to 1917, when the British government – in the now-famous "Balfour Declaration" – called for the establishment in Palestine of a national home for the Jewish people.
Israel occupied East Jerusalem and the West Bank during the 1967 Middle East War. It later annexed the holy city in 1980, claiming it as the capital of the self-proclaimed Jewish state in a move never recognized by the international community.
Palestinians want a state of their own in the Gaza Strip and West Bank, with East Jerusalem – currently occupied by Israel – as its capital.
Brende said his talks with Ethiopian Foreign Minister Tedros Adhanom earlier in the day focused on peace talks in South Sudan.
He described the talks as "lingering."
Brende noted that he also discussed bilateral cooperation with the Ethiopian top diplomat, noting that talks in this regard dwelt on cooperation on climate change, reforestation and education.
"It was a rich conversation," Brende said of his talks with the Ethiopian minister.