UK reaches post-Brexit trade agreement with Iceland and Norway
(Corrects to make clear Switzerland is not an EEA member)
LONDON, March 18 (Reuters) - Britain on Monday reached an a
deal with Iceland and Norway to allow trade to continue
unchanged if it leaves the European Union without a deal, trade
minister Liam Fox said.
Britain is seeking to replicate around 40 EU bilateral trade
deals ahead of its exit from the bloc.
With just 11 days until Britain is due in law to leave the
bloc, the government has yet to win parliament's backing for its
Brexit deal with Brussels. Prime Minister Theresa May has said
she will seek a delay to Brexit at a meeting of EU leaders this
week but any extension has to be agreed unanimously.
If Britain leaves without a deal, existing bilateral trade
agreements will cease to apply.
"We have just reached agreement with Iceland and Norway to
ensure continued access for British businesses to the European
Economic Area should we leave the EU without a deal," Fox said
in a statement.
"This is one of the largest trade agreements we are party to
as a result of our membership of the EU."
The agreement has been initialled and, subject to final
legal checks, will be formally signed next week, his department
Continued trade with the other EEA member Liechtenstein and
Switzerland, which is neither an EU nor EEA member but is part
of the EU's single market, is covered by an agreement already
signed in February.
(Reporting by Kylie MacLellan
Editing by Robin Pomeroy)
First Published: 2019-03-18 21:22:02
Updated 2019-03-18 22:28:43
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