Norway and EU sign duty-free seafood import agreement

The E.U. has opened 12 time-limited import quotas for Norwegian seafood, including mackerel, herring, and wild-caught shrimp, as part of a wider agreement reached between Norway, Iceland, Liechtenstein, and the E.U.In tandem with overall negotiations on European Economic Area (EEA) funds, Norway and the E.U. have revised their joint fisheries protocol that ran from 2014 to 2021, with the new agreement now covering the period between 1 May 2021 and 30 April 2028.With the deal being retroactive, the Norwegian Ministry of Industry and Fisheries said the agreed quota volume covering the period that has passed from 1 May 2021 until the quotas are opened will be distributed over the remaining agreement period until 30 May 2028.If the quotas are not fully utilized, it will be possible to draw on the remaining volume until 30 May 2030 or until a possible new period of duty-free quotas comes into place.“The E.U. is by far the most important market for Norwegian seafood, and more duty-free ...