Norway is currently our 44th largest trading partner, with a total of $10.4 billion (two and also) merchandise trade in 2019. Exports of goods totaled $3.9 billion; Imports of goods amounted to $6.5 billion. In 2019, the merchandise trade deficit with Norway was $2.6 billion. On 14 November 2011, the ministers of the European Free Trade Association (EFTA) announced the opening of free trade negotiations with Costa Rica, Honduras and Panama. Other Central American countries could join the process at a later stage. Negotiations would begin in early 2012. The first round of negotiations took place in Geneva from 28 February to 1 March 2012. The second round was held in Panama in June 2012. The third round took place august 20-24 in San Jose, Costa Rica. The fourth round was held in Geneva from 29 October to 2 November. The fifth round of negotiations took place in Guatemala from 10 to 14 December 2012. The sixth round of negotiations was held in Geneva from 12 to 15 February 2013. Costa Rica, Panama and the European Free Trade Association (EFTA) signed a free trade agreement on 24 June 2013.
Guatemala participated in the negotiations in 2012. Two years later, on 15 October 2014, Guatemala and EFTA countries concluded free trade negotiations under the EFTA-Central America Free Trade Agreement. Negotiations between Honduras and EFTA are ongoing. „The evaluation is extremely useful for those who want to know About Norwegian Trade Policy. But one thing is missing: the mention of our bilateral trade agreements. The EEA is a larger agreement – but this omission still seems very surprising,“ Medin said. In fact, the Norwegian bilateral agreement is one of the most comprehensive in the world. Agriculture and fisheries are not covered by the EEA agreement. However, Article 19 of this directive underlines the parties` commitment to a gradual liberalisation of agricultural trade, which will be achieved through the conclusion of separate agreements on this basis. Norway negotiates free trade agreements with other countries through the European Free Trade Association (EFTA). Trade agreements guarantee Norwegian companies access to international markets and facilitate trade with partner countries. On this page, you will find information on EFTA and the free trade agreements between Norway and EFTA with third countries.
EFTA-EFTA is an intergovernmental organization founded in 1960. Since then, the European Union (EU) has hosted six out of ten EFTA members. Today, EFTA consists of Iceland, Liechtenstein, Switzerland and Norway. All but Switzerland are members of the European Economic Agreement (EEA). Click here to learn more about the EEA and Norway`s relations with the EU. EFTA has based itself on the premise of free trade as a means of achieving growth and prosperity among its Member States and promoting closer economic cooperation between Western European countries.