Trade Agreement Norway

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More than 30% of UK imports of fish fillets last year came from Iceland, many of which are used in British fish and chip shops. Norway and the United Kingdom have agreed to conclude a temporary agreement on trade in goods, which will enter into force on 1 January. The agreement is maintained until the entry into force of a free trade agreement a few months later. Norway`s trade in goods with the EU shows a deficit of €2.5 billion in 2019. Almost 60% of Norwegian exports are destined for the EU. Norway`s overall financial contribution under the EEA Agreement consists of contributions linked to participation in these projects and part of development projects aimed at reducing social and economic inequalities in the EU (EEA and Norwegian grants). [13] [14] EEA-EFTA States finance their participation in programmes and agencies for an amount corresponding to the relative size of their gross domestic product (GDP) in relation to the GDP of the EEA as a whole. . . .