Norway and Britain agree post-Brexit commerce deal -media stories By Reuters

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© Reuters. A Britain flags are seen in The Mall road in London, Britain January 29, 2020. REUTERS/Antonio Bronic

OSLO (Reuters) -Norway and Britain have reached an settlement on their post-Brexit commerce relations, Norwegian state broadcaster NRK and information company NTB stated on Thursday, citing nameless sources.

The main points of the deal, which have to be permitted by Norway’s parliament, stay unknown however will probably be offered on Friday, each NRK and NTB reported.

A spokesman for Norway’s Ministry of Commerce, Business and Fisheries stated he was not capable of affirm the knowledge.

A British commerce division spokeswoman stated: “Talks are ongoing and stay constructive. Each side are dedicated to agreeing a brand new deal as quickly as potential.”

Since Britain’s departure from the European Union final 12 months and a transition interval that ended on Dec. 31, Britain and EU outsider Norway have relied on short-term commerce preparations.

Britain hopes to transcend the deal it beforehand had as a member of the European Union, and agree extra beneficial phrases in areas like digital commerce and fish processing.

Any deal might pave the way in which for comparable agreements with nations like Iceland.

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