The Fues have already concluded a comprehensive bilateral free trade agreement with Iceland, known as the Hoyvek Agreement. In addition, Norway has a wide range of free trade agreements than before. “Twenty years ago, our trade agreements were generally about trade in goods.” “And,” she notes, “with the UK – one of our main trading partners – withdrawing from the EU, we will probably have to negotiate a separate free trade agreement with them.” The Geneva headquarters is responsible for the management and negotiation of free trade agreements with third countries and supports the EFTA Council. This article is part of a 2018 World Trade Organization (WTO) publication on Norway. According to Medin, the assessment of Norway`s 150-page trade policy, particularly in one area, is insufficient: Norway`s economic and trade relations with the EU are mainly governed by the European Economic Area (EEA) agreement. “The evaluation is extremely useful for those who want to know About Norwegian Trade Policy. But one thing is missing: the mention of our bilateral trade agreements. The EEA is a larger agreement – but this omission still seems very surprising,” Medin said. In addition, Norway`s main trading partners, particularly the EU, have concluded numerous free trade agreements. Since EU member states negotiate as a bloc, this means that if the EU concludes a free trade agreement with another country, which is part of the EU-28, it is a very large market. Trade means are policy instruments that allow governments to take corrective action under certain conditions against imports that threaten to seriously harm or harm a domestic industry. EFTA free trade agreements generally include provisions on special subsidies and countervailing duties, measures against sale at an unjustifiably low price (anti-dumping) and emergency measures to temporarily limit imports (comprehensive and bilateral safeguard measures). These provisions are based on WTO law and are intended to complement it in order to take into account the spirit of the special relationships between free trade partners.
Agriculture and fisheries are not covered by the EEA agreement.