British companies will be able to access the European Economic Area after Brexit, Theresa May’s government said on Monday after an agreement with Iceland and Norway.
British companies will be able to access the European Economic Area, Theresa May’s government said on Monday after an agreement with Iceland and Norway.
The UK has an arrangement to continue to trade with Iceland and Norway in case of exit without agreement of the European Union , announced Monday 18th March announced the British Trade Minister Liam Fox. The agreement will be formally signed next week.
If London leaves the EU without an agreement on March 29th , the bilateral trade agreements it entered into when it was part of the community bloc – they are about 40 – will cease to apply.
Also with Switzerland and Liechtenstein
“We have just concluded an agreement with Iceland and Norway to ensure that UK companies can continue to have access to the European Economic Area (EEA),” Fox said in a statement.
Continued trade with Switzerland and Liechtenstein, which is also a member of the EEA, has been guaranteed since the signing of another agreement last month.