UK Pens Free Trade Deal With Norway, Iceland and Liechtenstein
The United Kingdom signed a free trade agreement with Norway, Iceland and Liechtenstein July 8, the Department for International Trade said in a news release. The deal further cements tariff-free or tariff-reduced trade for many goods in the nearly $30…
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billion trading relationship between the U.K. and the three nations. British exports such as cheese will enter those countries tariff-free while other goods, such as pork and poultry, will see tariff reductions, the release said. Certain U.K. wines and spirits, such as Scotch whisky, will also have their protected status recognized. The fishing sector will see a shift to lower import tariffs for goods such as shrimps, prawns and white fish from the U.K. The signatories also now have the ability to cap the charges mobile operators are allowed to charge each other for international mobile roaming, according to the release.