The UK and THE EU are negotiating a trade deal that is expected to start on 1 January 2021, when the new UK-EU relationship will begin. Norway says it wants its companies to have the same access to the UK market as the EU. According to Oslo`s Ministry of Trade, Industry and Fisheries, this includes a "complete free trade with seafood." Trade agreements also aim to remove quotas - limiting the amount of goods that can be traded. While a member of the EU, the UK was automatically part of some 40 trade agreements that the EU has concluded with more than 70 countries. In 2018, these activities accounted for about 11% of total trade in the UK. The parties are also negotiating a free trade agreement that must be concluded as soon as possible. "This would be an improvement over the current situation, where Norwegian fish exporters do not benefit from free trade to the EU, but face a large number of different quotas and tariffs," the ministry said in a statement. The UK has left the EU, but its trade relations remain unchanged until the end of the year. That`s because it`s in an 11-month transition - designed to give both sides some time to negotiate a new trade deal. Although British Prime Minister Boris Johnson insists that an agreement must be reached by 15 October, no agreement has been reached. A free trade agreement aims to promote trade - usually with goods, but also sometimes with services - by making it cheaper. This is often achieved by reducing or eliminating so-called tariffs - taxes or taxes on cross-border trade. The Oslo negotiating team this week published its mandate for the entry into force of a trade pact with London, when the UK`s transition period ends after Brexit - during which it will remain a member of the internal market.

The pact will be negotiated in collaboration with Iceland and Liechtenstein, Norwegian countries on both sides. 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. Talks between the EU and the UK are under way to reach a post-Brexit free trade agreement before the end of the year. "Unfortunately, it will not be able to replace the EEA agreement and businesses must prepare for new trade barriers when the UK leaves the internal market," Norway`s Trade and Industry Minister Iselin Nyboe said last week. While free trade agreements are aimed at boosting trade, too many cheap imports could threaten a country`s producers, which could affect employment. The mandate also aims to improve market access for some of its agricultural products and maintain existing trade in goods and services. The agreement ensures that UK businesses will continue to enjoy duty-free access to all industrial exports.

The UK and THE EU are negotiating a trade deal that is expected to start on 1 January 2021, when the new UK-EU relationship will begin. Norway says it wants its companies to have the same access to the UK market as the EU. According to Oslo`s Ministry of Trade, Industry and Fisheries, this includes a "complete free trade with seafood." Trade agreements also aim to remove quotas - limiting the amount of goods that can be traded. While a member of the EU, the UK was automatically part of some 40 trade agreements that the EU has concluded with more than 70 countries. In 2018, these activities accounted for about 11% of total trade in the UK. The parties are also negotiating a free trade agreement that must be concluded as soon as possible. "This would be an improvement over the current situation, where Norwegian fish exporters do not benefit from free trade to the EU, but face a large number of different quotas and tariffs," the ministry said in a statement. The UK has left the EU, but its trade relations remain unchanged until the end of the year. That`s because it`s in an 11-month transition - designed to give both sides some time to negotiate a new trade deal. Although British Prime Minister Boris Johnson insists that an agreement must be reached by 15 October, no agreement has been reached. A free trade agreement aims to promote trade - usually with goods, but also sometimes with services - by making it cheaper. This is often achieved by reducing or eliminating so-called tariffs - taxes or taxes on cross-border trade. The Oslo negotiating team this week published its mandate for the entry into force of a trade pact with London, when the UK`s transition period ends after Brexit - during which it will remain a member of the internal market.

The pact will be negotiated in collaboration with Iceland and Liechtenstein, Norwegian countries on both sides. 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. Talks between the EU and the UK are under way to reach a post-Brexit free trade agreement before the end of the year. "Unfortunately, it will not be able to replace the EEA agreement and businesses must prepare for new trade barriers when the UK leaves the internal market," Norway`s Trade and Industry Minister Iselin Nyboe said last week. While free trade agreements are aimed at boosting trade, too many cheap imports could threaten a country`s producers, which could affect employment. The mandate also aims to improve market access for some of its agricultural products and maintain existing trade in goods and services. The agreement ensures that UK businesses will continue to enjoy duty-free access to all industrial exports.

The UK and THE EU are negotiating a trade deal that is expected to start on 1 January 2021, when the new UK-EU relationship will begin. Norway says it wants its companies to have the same access to the UK market as the EU. According to Oslo`s Ministry of Trade, Industry and Fisheries, this includes a "complete free trade with seafood." Trade agreements also aim to remove quotas - limiting the amount of goods that can be traded. While a member of the EU, the UK was automatically part of some 40 trade agreements that the EU has concluded with more than 70 countries. In 2018, these activities accounted for about 11% of total trade in the UK. The parties are also negotiating a free trade agreement that must be concluded as soon as possible. "This would be an improvement over the current situation, where Norwegian fish exporters do not benefit from free trade to the EU, but face a large number of different quotas and tariffs," the ministry said in a statement. The UK has left the EU, but its trade relations remain unchanged until the end of the year. That`s because it`s in an 11-month transition - designed to give both sides some time to negotiate a new trade deal. Although British Prime Minister Boris Johnson insists that an agreement must be reached by 15 October, no agreement has been reached. A free trade agreement aims to promote trade - usually with goods, but also sometimes with services - by making it cheaper. This is often achieved by reducing or eliminating so-called tariffs - taxes or taxes on cross-border trade. The Oslo negotiating team this week published its mandate for the entry into force of a trade pact with London, when the UK`s transition period ends after Brexit - during which it will remain a member of the internal market.

The pact will be negotiated in collaboration with Iceland and Liechtenstein, Norwegian countries on both sides. 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. Talks between the EU and the UK are under way to reach a post-Brexit free trade agreement before the end of the year. "Unfortunately, it will not be able to replace the EEA agreement and businesses must prepare for new trade barriers when the UK leaves the internal market," Norway`s Trade and Industry Minister Iselin Nyboe said last week. While free trade agreements are aimed at boosting trade, too many cheap imports could threaten a country`s producers, which could affect employment. The mandate also aims to improve market access for some of its agricultural products and maintain existing trade in goods and services. The agreement ensures that UK businesses will continue to enjoy duty-free access to all industrial exports.

The UK and THE EU are negotiating a trade deal that is expected to start on 1 January 2021, when the new UK-EU relationship will begin. Norway says it wants its companies to have the same access to the UK market as the EU. According to Oslo`s Ministry of Trade, Industry and Fisheries, this includes a "complete free trade with seafood." Trade agreements also aim to remove quotas - limiting the amount of goods that can be traded. While a member of the EU, the UK was automatically part of some 40 trade agreements that the EU has concluded with more than 70 countries. In 2018, these activities accounted for about 11% of total trade in the UK. The parties are also negotiating a free trade agreement that must be concluded as soon as possible. "This would be an improvement over the current situation, where Norwegian fish exporters do not benefit from free trade to the EU, but face a large number of different quotas and tariffs," the ministry said in a statement. The UK has left the EU, but its trade relations remain unchanged until the end of the year. That`s because it`s in an 11-month transition - designed to give both sides some time to negotiate a new trade deal. Although British Prime Minister Boris Johnson insists that an agreement must be reached by 15 October, no agreement has been reached. A free trade agreement aims to promote trade - usually with goods, but also sometimes with services - by making it cheaper. This is often achieved by reducing or eliminating so-called tariffs - taxes or taxes on cross-border trade. The Oslo negotiating team this week published its mandate for the entry into force of a trade pact with London, when the UK`s transition period ends after Brexit - during which it will remain a member of the internal market.

The pact will be negotiated in collaboration with Iceland and Liechtenstein, Norwegian countries on both sides. 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. Talks between the EU and the UK are under way to reach a post-Brexit free trade agreement before the end of the year. "Unfortunately, it will not be able to replace the EEA agreement and businesses must prepare for new trade barriers when the UK leaves the internal market," Norway`s Trade and Industry Minister Iselin Nyboe said last week. While free trade agreements are aimed at boosting trade, too many cheap imports could threaten a country`s producers, which could affect employment. The mandate also aims to improve market access for some of its agricultural products and maintain existing trade in goods and services. The agreement ensures that UK businesses will continue to enjoy duty-free access to all industrial exports.