A new trade deal with Norway will open the door for UK farmers and include access to Iceland and Liechtenstein.
The agreement worth £21bn will improve market entry with tariff reductions for UK cheese makers and pig and poultry farmers.
It will reduce tariffs on Norwegian exports of shrimp, cod and prawns for the UK’s fish processing vegetation. This will help 18,000 jobs in Scotland, East Yorkshire and Northern Lincolnshire by decreasing prices for the fish processing business.
Since the UK withdrew from the EU, the two countries have been trying to work out a bilateral trade deal.
UK trade Secretary, Liz Truss, described the deal as a “major boost” for trade with Norway, Iceland and Liechtenstein.
British companies will have the ability to bid for extra authorities contracts within the three nations, which the Government say may be in the region of £200m.
LSL News.