Norway, UK Agree On Contingency Trade Deal Starting January 1 - Industry Ministry
Mohammad Ali (@ChaudhryMAli88) Published October 21, 2020 | 11:30 PM
MURMANSK (UrduPoint News / Sputnik - 21st October, 2020) Norway and the United Kingdom have agreed on a temporary post-Brexit trade deal starting January 1 in case a final one is not reached by then, the Norwegian Trade and Industry Ministry said on Wednesday.
"We have agreed on a temporary solution. This is good. At the moment, we continue active negotiations with the UK to finalize a trade agreement so that duties on manufactured goods can still be avoided," Norwegian Industry Minister Iselin Nybo said in a statement.
The contingency agreement is based on a deal sealed by Oslo and London in April 2019.
"It is important to create such conditions so that trade between the two countries from January 1 can continue on the same terms as today. At the same time, we intend to try to work out a permanent agreement as soon as possible," Norwegian Foreign Minister Ine Eriksen Soreide said.
The UK has been discussing trade deals with the European Union and non-EU nations, such as Norway, since Britain exited the bloc on January 31.
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