Norway has a large fishing and agricultural industry and has its own policy in these sectors by not being part of the EU`s Common Fisheries Policy or Common Agricultural Policy. Similar regulation for the United Kingdom would attract London`s approach, as it would be able to define its own policy in these important sectors. Norway can negotiate trade agreements with other countries around the world, which would attract the attention of Brexit supporters, and has concluded such agreements as a group with other EFTA countries. A Norwegian-style deal would mean the UK would not be tried by the European Court of Justice, another issue for the land of Brexit. “Norway and Britain are aware that it is unrealistic to reach an agreement before 1 January and have therefore concluded a temporary agreement for goods,” the Industry Ministry said in a statement. “The EEA agreement was put in place within a very specific time frame that allows the parties to expand significantly,” Rye explains. OSLO (Reuters) – Norway and Britain have signed a temporary and limited agreement to maintain trade in goods in the absence of a final Brexit trade deal by the end of the year, as the Norwegian Ministry of Industry announced on Wednesday. “This is an important reason why Norway voted `no` in 1994; We had already concluded a trade agreement with the EU. In thirty years, the main argument of the “yes” vote has been that Norway must join the EU to guarantee market access. The EEA agreement provided for this access to the important EU market. So why should Norway join the UNION? Rye said Norway`s overall financial contribution under the EEA agreement consists of contributions related to participation in these projects and a part of development projects aimed at reducing social and economic inequalities in the EU (EEA and Norway grants).
  EEA-EFTA states fund their participation in programmes and agencies for the relative size of their gross domestic product (GDP) relative to the GDP of the EEA as a whole. The participation of the EEA-EFTA is therefore on par with the EU Member States.