Britain has secured new deal with Norway, Iceland and Liechtenstein and it is the most advanced post-Brexit trade deal with the trio yet, the government claims.
The deal aims to boost critical British sectors like digital, slash tariffs on high-quality British food and farm products and support jobs.
It was agreed in principle today, June 4, and is the first time the three European countries have included dedicated chapters on digital trade and small businesses in any trade deal, making it the most advanced they have done to date.
The agreement significantly cuts tariffs as high as 277 percent for exporters to Norway of West Country Farmhouse Cheddar, Orkney Scottish Island Cheddar, Traditional Welsh Caerphilly, and Yorkshire Wensleydale cheese. There are also tariff reductions and quotas on pork, poultry and other goods. UK wines and spirits including Scotch Whisky will also now be recognised in Norway and Iceland.
Reduced import tariffs on shrimps, prawns and haddock will reduce costs for UK fish processing, and support some 18,000 jobs in Scotland, East Yorkshire and Northern Lincolnshire, the government said.
“Today’s deal will be a major boost for our trade with Norway, Iceland and Liechtenstein, growing an economic relationship already worth £21.6 billion, while supporting jobs and prosperity in all four nations at home,” said Liz Truss, the International Trade Secretary.
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