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September 30, 2020, 07.17 PM

OSLO, – Great Britain has agreed on a fisheries agreement with Norway in the country's latest post-Brexit trade deal.

The Norwegian government shared the news of the newest UK-Norway bilateral agreement on Wednesday before the UK leaves the EU’s single market at the end of 2020.

The fisheries agreement with Norway takes effect on January 1 and will govern control measures, licenses, and research, and also facilitates a mutual exchange of quotas and access to each other's waters, the Norwegian government said in a statement.

Read also: UK Seals the Deal with Japan in Post-Brexit Trade Deal

The UK-Norway bilateral agreement will be signed in London on Wednesday, the Norwegian Ministry of Industry and Fisheries said.

British fisheries organizations said such a deal showed that the terms the EU was seeking in a future agreement were an "aberration" in not treating Britain as an independent coastal nation able to control access to its fishing waters.

While Norway is not a member of the EU, it is integrated into the bloc's common market and must negotiate separate post-Brexit trade relations with Britain.

Read also: Norway Gifts Indonesia $56 Million for Slashing Carbon Emissions

Britain formally left the EU in January but London and Brussels are seeking a new trade deal before a status-quo transition arrangement ends in December.

Negotiations between Britain and the EU have stumbled over fisheries, fair competition and how to settle disputes.


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