Great Britain
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Brexit Britain in £21.6Billion win as Norway deal comes in -‘Boost trade and cut red tape'

brexit uk norway trade deal

Brexit news: The UK's £21..6bn trade deal with Norway has kicked in (Image: CONSERVATIVE PARTY)

International Trade Secretary Anne-Marie Trevelyan took to Twitter to announce the news, while also liusing several key benefits the deal will provide for the UK. She wrote: "Our ambitious free trade agreement with Norway kicks in today bringing a whole range of benefits. Enhanced digital trade to boost trade & cut red tape; reducing barriers to trade in Services, like FinTech; supporting jobs in key sectors across UK. Trade=growth=jobs."

The Department for International Trade (DfI) said food producers, services companies and exporters to Norway will enjoy a pre-Christmas boost as the trading arrangements between the two countries come into effect.

This follows a joint deal signed with Norway, Iceland and Liechtenstein signed in July.

The Government department said the latest trade deal wiil "bring the UK and Norway closer than ever before, creating a new services and investment relationship with lower tariffs and exclusive duty-free quotas for UK exporters".