UK announces trade deal with Norway
The UK government said reduced import replica hermes bracelets
tariffs on shrimps, prawns and haddock would cut costs for UK fish processing, helping to support jobs in Scotland, East Yorkshire and northern Lincolnshire.
British beefAs Britain is no longer part of the European Common Fisheries Policy, it must deal directly with Norway and UK fleets are keen to have access to the country sub Arctic seas.
However, many Norwegian farmers have expressed concerns at opening up the domestic market to British beef and cheese.
State broadcaster NRK says the country market of 5.4 million people is small but potentially lucrative, with strong purchasing power.
The countries involved are the three non EU members of the European Economic Area, which allows them to be part of the EU single market.
Norwegian Prime Minister Erna Solberg said “the deal allows for growth in trade for both our countries”.
However, the Norwegian government said the deal with the UK would not restore all the advantages it had when both countries were in the EEA.
Analysis box by Chris Morris, Reality Check correspondent
In terms of their overall trade volumes, this deal is more significant for Norway and Iceland than it is for the UK.
But politically, it really important for the post Brexit British government to show that new trade deals are being done quickly. Even if as the Norwegian side points out it is less open than the previous relationship inside the same single market.
“At first sight, the deal looks cautiously ambitious,” says trade expert David Henig from the European Centre for International Political Economy.
“In many fields, from climate change to SMEs [small businesses] to digital, it sets out some goals, without it being obvious that the underlying provisions will deliver them.”
So, it a decent start. But it the implementation that counts.
“Prior to the UK exit from the EU, Norway enjoyed free movement of goods, services, capital and persons to the UK through the EEA agreement,” Norway said.
“A free trade agreement will not provide similar access to the British market.”
The UK international trade secretary, Liz Truss, said the deal would be “a major boost for our trade with Norway, Iceland and Liechtenstein, growing an economic relationship already worth 21.6bn, while supporting jobs and prosperity in all four nations at home”.
Iceland Foreign Minister, Gudlaugur Thor Thordarson, said an agreement with the UK had been a priority for his country and would be “crucial for both Icelandic companies and consumers”.