Eu Trade Agreements With Norway

Posted by on Sep 19, 2021 in Uncategorized | 0 comments

An important issue for Norway is its fisheries resources, which represent an important part of the economy and would be covered by the Common Fisheries Policy if Norway joined the EU. Norway has a high GNP per capita and is expected to pay a high contribution. The country has a limited amount of agriculture and few underdeveloped areas, meaning Norway would receive little economic support from the EU. However, since 2009[update], Norway has opted for a large number of UNION projects and, as its 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] [22] their participation is on an equal footing with that of the EU Member States. The total EEA-EFTA commitment amounts to 2.4% of the total EU programme budget. Discussions are still ongoing for a comprehensive and sustainable free trade agreement, the ministry added. Agriculture and fisheries are not covered by the EEA Agreement. However, Article 19 of that agreement underlines the commitment of the parties to progressive liberalisation of agricultural trade, which will be achieved through the conclusion of separate agreements on this basis. Norway negotiates free trade agreements with other countries on the European Free Trade Association (EFTA). Trade agreements guarantee Norwegian companies access to international markets and facilitate trade with partner countries. On this page you will find information on EFTA and the Norway/EFTA free trade agreements with third countries.

Through EFTA ISFTA is an intergovernmental organization created in 1960. Since then, the European Union (EU) has welcomed six out of ten EFTA members. Today, EFTA is composed of Iceland, Liechtenstein, Switzerland and Norway. All but Switzerland are members of the European Economic Agreement (EEA). Click here to learn more about the EEA and Norway`s relations with the EU. EFTA was created within the framework of free trade in order to achieve growth and prosperity among its Member States and to promote closer economic cooperation between the countries of Western Europe. In addition, EFTA was created to be an alternative to the ambitions of the EC (EU) in the economy. Click here to read a newsletter with more information on EFTA. One of the main objectives of EFTA was to contribute to the expansion of trade throughout the world. Since the early 1990s, EFTA has been actively engaged in trade relations with third countries inside and outside Europe.

One of the guiding principles of the EFTA negotiations with third countries was to ensure that EFTA companies enjoy the same rights and privileges on third country markets as EU companies. Recently, the EFTA States have given priority to negotiations on the basis of economic considerations, regardless of the EU`s trade relations with the third country concerned. . . .