Norway’s national employers’ organization NHO is warning that Norwegian businesses need to prepare for chaos when post-Brexit transition pacts between the EU and the UK expire on December 31. Progress on firming up new agreements has been slow.
News bureau NTB reported last week that Norway and the UK may not have their own free trade agreement in place by the time Norway’s current pact with the UK (through its trade agreement with the EU) expires as well. That can lead to long lines at the UK customs border when Norwegian companies try to get their exports into the country, especially seafood.
“We’re seeing now that it can be a radically new situation from January 1st,” Tore Myhre, director of NHO’s international division, told NTB. He’s fearing a “no deal” holding period, and advising companies to be prepared for difficult trade conditions.