Following the completion of the respective approval procedures, the EU-Norway agreement on additional trade preferences for agricultural products has been formally concluded and will enter into force on 1 January 2012.
This agreement results from the EEA Agreement which provides for regular reviews of conditions of trade in agricultural products in view of progressive liberalisation. It will allow EU exporters to reinforce their position on the Norwegian market. The additional liberalisation represents roughly 20% of the current value of EU exports to Norway. When taking into account already existing bilateral preferences, around 60% of EU exports to Norway will be completely liberalised (in terms of trade value). The exports of EU agricultural products to Norway have been growing over the last decade and doubled between 2000 and 2010 to €1.7 billion.
Concessions granted by Norway to the EU:
Concessions granted by the EU to Norway:
For more details about the agreement see the press release of 29 January 2010 when the deal was initialled.