Uk Norway Brexit Agreement

“I am pleased that we now have an agreement that provides a framework for comprehensive fisheries cooperation with the United Kingdom, which is an important country for Norway. The agreement is in line with our obligations under the law of the sea to cooperate with other coastal states in the common management of fisheries resources, in accordance with modern sustainable management systems, an ecosystem approach and the precautionary principle. We will also maintain our close cooperation with the EU in the area of North Sea fishing. We look forward to a trilateral agreement between Norway, the UK and the EU on the management of common fish stocks in the North Sea as soon as Brexit becomes a reality,” said Foreign Minister Ine Eriksen Séreide. The agreement between Norway and the United Kingdom covers a number of areas, including an interim agreement, while the United Kingdom and EEA-EFTA countries conclude negotiations for a comprehensive free trade agreement due to enter into force in 2021. “Norway and Britain are aware that it is unrealistic to reach an agreement before 1 January and have therefore concluded a temporary agreement for goods,” the Industry Ministry said in a statement. During the transition period, trade in seafood for all practical purposes will continue as is currently the case. Norway`s fisheries agreements with the EU, including the UK, will run until the end of 2020. “This means that seafood trade and cooperation with the UK will continue, as is currently the case. From next year we will have to conclude new fisheries agreements with the EU and the UK.

Our dialogue with the EU and the UK on these issues is excellent and I will play my part in maintaining this close cooperation,” said Fisheries and Seafood Minister Geir Inge Sivertsen. With Britain looking set for a Brexit without a deal, the Norwegian government has signed a temporary agreement to ensure continued trade. The UK`s withdrawal from the EEA agreement will have an impact on UK companies acting on value added in Norway without having a business space. From the outset, these companies must be registered with a representative in the VAT register. This requirement does not apply to companies in EEA states when they have entered into an information exchange and assistance agreement for VAT collection with Norway. If such a company nevertheless elects a representative, the requirement of joint and several liability of the representative, which is otherwise in force, does not apply. At the end of the transitional period, this exemption will no longer apply to British companies and they will therefore have to appoint a representative who, together with the British company, will be jointly responsible for VAT. Brexit does not affect employees of a company in an EU or EEA country other than the UK.

This means that from 1 January 2021, they will be allowed to stay for up to three months without a residence permit application. They are also allowed to stay for more than three months as long as the work is carried out in the context of providing a service in accordance with the EU/EEA agreement or the work required to set up a business in Norway. The agreement covers trade in goods and ensures that 95% of merchandise trade with Norway and more than 90% with Iceland remain duty-free, giving companies confidence that they will be able to continue working under the same conditions as they are today, when the transition period ends.