Academic article

Free trade agreements in a small, open country: The case of Norway

Published: 6 Nov 2019
Summary:

Negotiating free trade agreements (FTAs) has been a high political priority for Norway. Today it has agreements with 41 countries outside the European Union (EU) / the European Free Trade Association (EFTA), resulting one the world’s most extensive FTA networks. FTAs cover about 10% of Norway’s trade – a share likely to increase in the future. These agreements eliminate tariffs on a substantial number of traded products, and have gradually become more comprehensive, covering an expanding range of non-tariff areas. Hence, they may have trade-promoting effects beyond tariff reductions as such. On the other hand, the non-tariff provisions often do not go further than what has already been dealt with in other international agreements or practised domestically, so their overall effect may be limited.