The agreement also specifies what will happen to the processes that begin before the end of the transition period, but which will continue or end after the end of the transition period. These include procedures relating to trade in goods, customs procedures, patent and copyright protection, public procurement, police and judicial cooperation in criminal matters, exchange of information on personal data and protection of personal data already exchanged. Today`s agreement blocks duty-free trade for businesses worth more than $20 billion between our countries and supports jobs and livelihoods across Britain and beyond. A trade-blocking agreement was signed in London. At midnight on Friday 31 January, the UK will leave the EU. This will be done on the basis of the withdrawal agreement between the EU and the UK. Norway has negotiated a separate agreement with Iceland and Liechtenstein with the UNITED Kingdom, which covers the parts of the withdrawal agreement between the EU and the UK that are also relevant to us. Foreign Minister Ine Eriksen Seride signed the agreement today in London on behalf of Norway. The UK signed a trade agreement with Iceland and Norway on 2 April 2019. The agreement was signed to maintain continued trade and was part of preparations for a possible “no deal” Brexit.
Since the UK leaves the EU through an agreement, the agreement will not enter into force. The agreement ensures that UK businesses will continue to enjoy duty-free access to all industrial exports. In addition, British consumers can continue to enjoy popular Icelandic and Norwegian products such as frozen haddock. More than 30% of UK imports of fish fillets last year came from Iceland, many of which are used in British fishmongers and chips. The withdrawal agreement negotiated by the UK and the EU provides for a transition period during which EU rules and international agreements, including the EEA, will continue to apply after the UK`s withdrawal from the EU and until the end of 2020 for the UK. Icelandic law guarantees continued enforcement of EEA rules in the UK during this period. Relations between Iceland and the United Kingdom (United Kingdom) were mainly based on the EEA agreement. After the withdrawal from the EU, the UNITED Kingdom is no longer a party to the agreement and, at the end of the period of transition, it will no longer apply to the United Kingdom.