Category: Business News
Norway’s Trade Minister Cecilie Myrseth met with European Union officials as the Nordic country seeks an exemption to any broad protective tariff the bloc could levy as a response to a US initiated trade war.
“There is a lot of uncertainty, but the EU knows our position very well,” Myrseth said by phone on Friday. She met EU Trade Commissioner Maros Sefcovic a day earlier to argue on behalf of Norway, but secured no concrete promises of exemption, she said.
On Friday, Norway agreed to implement 79 EU directives at a meeting with its European Economic Agreement partners — the EU, Iceland and Liechtenstein. The Nordic country is speeding up the approval of EU laws to improve its negotiating position and avert a scenario in which it has to pay tariffs to sell goods in the EU, its main trading partner.
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Source: Yahoo! News