Non-EU member Norway reaches post-Brexit trade deal with UK
Negotiations have been going on since 2020, and some of the differences included the import to Norway of agricultural goods such as meat and cheese, and fish exports to Britain, Norwegian media said. Norway's EEA membership grants it access to the EU's vast common market and most goods are exempt from duties. However, obstacle-free trading across the North Sea ended when Britain left the bloc's economic rules at the end of 2020.
"Although it is not as good as the EEA agreement, this is the most comprehensive free trade agreement ever," Solberg told a press conference.
She added that at least two issues remained. "One is that (the deal) is not dynamic. That means that when rules are changed, they don't follow everywhere. That is what is genius with the EEA agreement, that the rules are changed at the same time in all countries — the same standards apply everywhere, the same development apply." "The second is the veterinary rules at the border, which have not been fully cleaned up," she said..
Norway's exports to Britain are worth close to 200 billion kroner ($24 billion), Solberg said. Britain said total trade with Norway, Iceland and Liechtenstein was worth 21.6 billion pounds ($30.5 billion) in 2020.
Britain's International Trade Secretary Liz Truss called the deal "a major boost for our trade with Norway, Iceland and Liechtenstein'' while International Trade Minister Ranil Jayawardena said it "shows that the United Kingdom will continue to be a trade partner of choice." The British side said British farmers will benefit from lower tariffs and more duty-free access on goods like cheese, pork and poultry.
They also stressed that reduced import tariffs on shrimps, prawns and haddock will lower costs for British fish processing.
However, the deal contains some barriers as Britain had completely free trade with the three countries when it was a member of the EU.
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