Norway, UK trade parley confirmed / News / The Foreigner

Norway, UK trade parley confirmed. Norwegian Trade and Industry Minister Monica Mæland and Britain’s Minister for Trade Policy Lord Price meet to discuss a new bilateral trade dialogue in Oslo. Today’s meeting, conducted amongst uncertainty regarding the UK government’s Brexit strategy, builds on September’s discussions between Minister Mæland and the Secretary of State for International Trade, Dr Liam Fox. Minster Mæland and Lord Price held productive discussions on a range of issues. These included the UK and Norway’s bilateral trading relationship, according to the joint statement issued, Tuesday.

brexit, eu, eea, uk, norway, oslo, paywall



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Norway, UK trade parley confirmed

Published on Tuesday, 15th November, 2016 at 19:08 under the news category, by Michael Sandelson   .

Norwegian Trade and Industry Minister Monica Mæland and Britain’s Minister for Trade Policy Lord Price meet to discuss a new bilateral trade dialogue in Oslo.

Monica Mæland meets Lord Price
Monica Mæland meets Lord Price
Photo: Trade, Industry Ministry/Håkon Jacobsen


Today’s meeting, conducted amongst uncertainty regarding the UK government’s Brexit strategy, builds on September’s discussions between Minister Mæland and the Secretary of State for International Trade, Dr Liam Fox.

Minster Mæland and Lord Price held productive discussions on a range of issues. These included the UK and Norway’s bilateral trading relationship, according to the joint statement issued, Tuesday.

Both reaffirmed their commitment to growing trade links between the two countries, also agreeing to establish a dialogue to discuss how this should be progressed.

“The close trade and investment relationship UK and Norway enjoy will continue to go from strength to strength as the UK looks to forge a new path in the world,” declared International Trade Minister Lord Price.

The Norwegian Labour Party’s (Ap) Svein Roald Hansen MP, has previously told The Foreigner that The UK is one of the most important trading partners for Norway (and EFTA).

Moreover, Norway is the UK’s most important supplier of oil and gas. Bilateral trade in 2015 was worth GBP 18.57 billion (some NOK 194.64 billion at today’s ROE).

“It is important to get a Free Trade Agreement (FTA) in place as soon as possible after the UK has left the EU and the EEA. It should be a comprehensive agreement covering trade in goods, services, investment, and so on,” added Mr Hansen.

He also heads parliament’s Delegation to the EFTA (European Free Trade Association and the EEA (European Economic Area) Parliamentary Committees.

The Labour MP thinks the Norwegian government should demand a place at the table when Britain negotiates her EU exit.

In today’s joint statement, Norwegian Minister of Trade and Industry Monica Mæland outlined both nations’ plans for the future.

“As a first step, we have decided to initiate a dialogue on a senior officials’ level in order to get a better understanding of our future trading relationship and one another’s trade interests,” she commented.

The first meeting between senior officials is scheduled to take place in Oslo in December.




Published on Tuesday, 15th November, 2016 at 19:08 under the news category, by Michael Sandelson   .

This post has the following tags: brexit, eu, eea, uk, norway, oslo, paywall.





  
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