Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Norway and Britain agree post-Brexit trade deal -media reports

Published 06/03/2021, 11:23 AM
Updated 06/03/2021, 01:02 PM
© Reuters. A Britain flags are seen in The Mall street in London, Britain January 29, 2020. REUTERS/Antonio Bronic

© Reuters. A Britain flags are seen in The Mall street in London, Britain January 29, 2020. REUTERS/Antonio Bronic

OSLO (Reuters) -Norway and Britain have reached an agreement on their post-Brexit trade relations, Norwegian state broadcaster NRK and news agency NTB said on Thursday, citing anonymous sources.

The details of the deal, which must be approved by Norway's parliament, remain unknown but will be presented on Friday, both NRK and NTB reported.

A spokesman for Norway's Ministry of Trade, Industry and Fisheries said he was not able to confirm the information.

A British trade department spokeswoman said: “Talks are ongoing and remain positive. Both sides are committed to agreeing a new deal as soon as possible.”

Since Britain's departure from the European Union last year and a transition period that ended on Dec. 31, Britain and EU outsider Norway have relied on temporary trade arrangements.

© Reuters. A Britain flags are seen in The Mall street in London, Britain January 29, 2020. REUTERS/Antonio Bronic

Britain hopes to go beyond the deal it previously had as a member of the European Union, and agree more favourable terms in areas like digital trade and fish processing.

Any deal could pave the way for similar agreements with countries like Iceland.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.