UK, Norway and Iceland sign trade continuity deal

LONDON (Reuters) – Britain, Norway and Iceland have signed a trade continuity agreement as an interim before the countries complete negotiations over a comprehensive free trade agreement due to come into force in 2021, said the UK in a statement.

The agreement signed on Tuesday means that the majority of trade in goods between the countries will remain tariff-free. The trade in goods between Britain and Norway and Iceland was worth 20 billion pounds last year.