UK Lands Trade Deal With Norway, Iceland and Liechtenstein

The United Kingdom agreed in principle to a trade deal with Norway, Iceland and Liechtenstein, the U.K.'s Department for International Trade announced in a June 4 news release. The deal includes a substantial digital trade chapter and cuts tariffs on various British food products. Tariffs in Norway as high as 277% will be slashed for products such as “West Country Farmhouse Cheddar, Orkney Scottish Island Cheddar, Traditional Welsh Caerphilly, and Yorkshire Wensleydale cheese,” along with pork, poultry and Scotch whisky, the release said. The agreement also contains a new government procurement section permitting British companies to bid on government contracts worth up to 200 million pounds in the other three nations.