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Country profile: Norway

What sort of trading country could the UK become post-Brexit? in our new fact file series, we seek inspiration by looking at the economic status of other nations. First stop, Norway.

More than any other country, Norway’s economy has been held up as an example that the UK could emulate post-Brexit. There are several reasons for this. For one, Norway is a nation that stands alone, having rejected the opportunity to become a member of the EU in both 1972 and 1994. It is also linked to Europe only as a member of the European Economic Area, with the EU having no say on its handling of agriculture, fishing, home affairs or matters of justice.

Agriculture and fishing have been huge flashpoints for the UK in its time within the trading bloc, but now even the National Farmers’ Union is questioning what a British version of the common agricultural policy might look like.

This is an extract from the Business & Management Magazine, Issue 274, May 2019.

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