Re: Here Comes Norway ...!
Originally Posted by
Solasch
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It's so-called rollover of the deal with norway you now have as a (former) EU member.one of the many liam fox said he would have ready by the time UK left.
From your article
that will allow today’s trade to continue as fully as possible. Billions of kroner in goods and services cross our borders annually. At the same time, it is important
to keep in mind that this agreement will not be able to fully replace the EEA Agreement, so Norwegian businesses must
prepare for new trade barriers that may be introduced when the United Kingdom leaves the internal market, says the Minister of Trade and Industry Iselin Nybø.
The UK won't be in the EU, which is why.
The bigger picture here is that Norway currently provides the EU with quotas on fish stocks which are used by Germany, Netherlands and Denmark (mainly) and in return, the EU provides Norway with quotas of fish from UK territorial waters (mainly pelagic fish, such as mackerel, herring, etc).
So, Norway will no longer receive EU quotas via the CFP (from UK territorial waters) and instead can receive a reciprocal arrangement directly with the UK, where Norwegian and UK waters are managed jointly between us. There can be a reciprocal agreement for cod, bass, pollack in return for pelagic fish for Norway and at the same time a managed fishery based on zonal attachment.
What the EU need to figure out is why it is in Norways interest to pay the EU huge amounts of money for access to the single market, when tariffs are already put on seafood products, while Norway gives away quotas of fish to the EU. Norway can deal directly with the UK for fisheries, trade, our financial markets, education etc without the need to deal with the EU at all.
See ?