Norway’s trade of fishery and aquaculture products, MAC Advice adopted

Published 2024년 7월 25일

Tridge summary

In 2023, Norway was a key trade partner for the EU, particularly in fishery and aquaculture products, exporting significant quantities valued at 7,856 million EUR annually. The trade relationship is governed by various agreements aimed at reducing economic disparities and promoting trade. Recent negotiations have led to temporary liberalization of market access for some fish products, though certain quotas were not renewed, affecting the EU processing industry. The EU has raised concerns about competitive impacts and compliance with international trade laws, prompting formal dialogues and potential complaints. The EU also emphasizes the need for compliance with sanitary rules and import controls, and suggests taxes on certain imports if restrictions persist. A comprehensive strategy and permanent task-force are recommended to balance trade and fisheries agreements.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Norway’s Trade of Fishery and Aquaculture Products: MAC Advice adopted. 1. Background In 2023, Norway was the EU’s 6th most important partner for trade in goods 1. On average for the 2021-2023 period, Norway exported yearly 1,303,994 tons of fishery and aquaculture products to the EU, valued at 7,856 million EUR, corresponding to 24.8% and 27.9% of the share of Norway in EU imports in quantity and value, respectively 2. The EU and Norway’s trade relationship on fishery and aquaculture products is influenced by a series of agreements, specifically the European Economic Area (EEA)’s Financial Mechanism, theNorwegian Financial Mechanism, and the protocol on temporary liberalisation of access to the EU market for some fish and seafood products. The relationship is also impacted by three EU/Norway fisheries agreements. After protracted negotiations, trade negotiations between the EU and Norway were recently finalised on the renovation of the EEA Financial Mechanism. Over the past ...

Source: Fish Focus