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

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 ...