Uk Norway Agreement

Type 1 Preliminary Agreement
December 19, 2020
Unit Stocking Finance Agreement
December 19, 2020

The agreement between Norway and the United Kingdom covers a number of areas, including: the agreement also specifies what will happen to the processes begun before the end of the transition period, but which will continue or end after the end of the transition period. These include procedures relating to trade in goods, customs procedures, patent and copyright protection, public procurement, police and judicial cooperation in criminal matters, exchange of information on personal data and protection of personal data already exchanged. The agreement ensures that UK businesses will continue to enjoy duty-free access to all industrial exports. In addition, British consumers can continue to enjoy popular Icelandic and Norwegian products such as frozen haddock. More than 30% of UK imports of fish fillets last year came from Iceland, many of which are used in British fishmongers and chips. 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. Norway and the United Kingdom have agreed to conclude a temporary agreement on trade in goods from 1 January 2021, pending the entry into force of a free trade agreement. The new free trade agreement is expected to be concluded a few months later in 2021. The agreement builds on the free trade agreement signed by Norway and the United Kingdom in April 2019, which provides for a continuous duty-free exemption for industrial products. The new temporary agreement will be implemented when the UK leaves the EU without a deal. In the temporary free trade agreement, we are informed that the scope of goods is identical to that of the EEA agreement.

Widespread tariff preferences will also continue under the agreement. This means that all products under the Norwegian Customs Chapters 25 to 97 (with the exception of certain agricultural products processed under Protocol 3) can continue to be duty-free exports to the United Kingdom. It is also important for Norwegian industry that the rules of origin of the agreement signed in April 2019 apply in the new temporary agreement. Today`s agreement blocks duty-free trade for businesses worth more than $20 billion between our countries and supports jobs and livelihoods across Britain and beyond. During the transition period, trade in seafood for all practical purposes will continue as is currently the case. Norway`s fisheries agreements with the EU, including the UK, will run until the end of 2020. “This means that seafood trade and cooperation with the UK will continue, as is currently the case. From next year we will have to conclude new fisheries agreements with the EU and the UK. Our dialogue with the EU and the UK on these issues is excellent and I will play my part in maintaining this close cooperation,” said Fisheries and Seafood Minister Geir Inge Sivertsen. “Norway and Britain are aware that it is unrealistic to reach an agreement before 1 January and have therefore concluded a temporary agreement for goods,” the Industry Ministry said in a statement. Norway`s Ministry of Trade and Industry reached an interim trade continuity agreement with the UK and Iceland on Tuesday, effective January 1, pending the entry into force of a comprehensive free trade agreement.

Norway said it was also considering temporary solutions for services and investment, in addition to the goods agreement announced on Wednesday. In addition, the United Kingdom has agreed with EEA-EFTA states on a number of measures to ensure that trade in services can continue as well as possible before a comprehensive trade agreement enters into force in 2021.