Agreement To Be Reached

Norway and the United Kingdom have agreed to conclude a temporary agreement on trade in goods, which will come into force on 1 January. The agreement will be maintained until a free trade agreement comes into force a few months later. Norway negotiates a comprehensive free trade agreement with the other EFTA countries, Iceland and Liechtenstein. While the negotiations are in full swing, they are lagging behind schedule, not least because they were not fully launched until August due to delays in the UK. A free trade agreement cannot replace the EEA agreement, however broad and ambitious it may be, and the Norwegian economic sector must prepare to face new trade barriers when the UK leaves the internal market. In addition to the trade agreement on goods, limited and temporary rules for services and investment are also being considered. “It is important to ensure that trade in goods between Norway and the United Kingdom can continue after 1 January under the same conditions as today. This temporary agreement will protect our interests as we continue our negotiations for a free trade agreement as soon as possible. After the EU, the UK is our largest trading partner and our two countries agree on the need to maintain close and comprehensive cooperation,” said Foreign Minister Ine Eriksen Seride. Negotiations for a free trade agreement are underway and the parties are working to conclude negotiations as soon as possible. However, much remains to be done before a free trade agreement comes into force.

Norway and the United Kingdom have recognised that it would not be possible to conclude an agreement that could come into force on 1 January 2021 and have therefore agreed to conclude a temporary regime for trade in goods. The fixed-term agreement will be based on the agreement signed in April 2019 by Norway and the UNITED Kingdom, which guarantees continuity of trade in the event of the UK leaving the EU without a deal. “We agreed to put in place a temporary regime. That`s good news. We are now in close talks with the UK to adapt the agreement, which means we can continue to avoid tariffs on industrial products. However, it is important for businesses to be aware that this agreement is both broad and time-limited,” said Iselin Nybé, Minister of Trade and Industry. “Negotiations for an ambitious and comprehensive free trade agreement have reached an intense and demanding phase. Norway and the United Kingdom have agreed to move the negotiations forward to complete them as soon as possible,” Nybé said. .

The UK is Norway`s largest trading partner after the EU. From 1 January 2021, when the United Kingdom leaves the internal market, our two countries will no longer respect a common set of rules, will no longer cooperate in the dynamic development of harmonised legislation and will no longer be able to mutually benefit from the predictability and legal guarantees offered by the EEA`s institutional framework . . . . Ministry website manager:Responsible editor: Trond VikenWeb Editor: Phone: 47 22 24 90 90E-Mail: Ministry Collaborator:depkatalog.noOrganisations: 912 660 680 Press release Date: 10/21/2020 Ministry of Trade, Industry and Fisheries, Department of Foreign Affairs: 1128. Точных совпадений: 1128. Затраченное время: 201 мс . .

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