07 Apr 2017
EU-NORWAY TRADE NEGOTIATIONS – 07 APRILBrussels Daily
EU and Norway conclude negotiations to enhance trade of agricultural products
The European Union and Norway came to an agreement which will facilitate bilateral trade in agricultural products, allowing EU exporters to reinforce their position on their 8th largest export market for agricultural products.
Commissioner for agriculture, Phil Hogan, today said: “I welcome this agreement, which will facilitate trade between the EU and Norway. It will provide more market opportunities for our EU producers and contribute to the continuation of our EU agri-food export success. The EU is the number 1 agri-food exporter in the world with €130 billion of exports in 2016.“
The exports of EU agricultural products to Norway have been steadily growing over the last decade and almost doubled during this period to €2.5 billion. Norway is a net importer of agricultural products and the agricultural trade balance is in favour of the EU. As regards total trade, Norway enjoys a positive trade balance with the EU. EU and Norway conclude negotiations to enhance trade of agricultural products