Post-Brexit trade deals are done with two more trading partners as the clock ticks down to 29 March.
The government says trade can continue with Norway and Iceland unchanged if the UK leaves the EU without a deal.
That is because agreement has been reached in principle with the two nations as part of the so-called"rollover" process aimed at keeping disruption to a minimum. The Department for International Trade said last month it was trying to replicate 40 deals the UK is currently party to as part of its EU membership - arrangements that account for 11% of total UK trade.that it would not achieve an agreement in time with some important trade partners including Japan or Turkey.
International Trade Secretary Liam Fox said via Twitter on Monday night:"Our negotiators have just initialled a trade agreement with Iceland & Norway for the European Economic Area. BREAKING: Our negotiators have just initialled a trade agreement with Iceland & Norway for the European Economic Area. This is the 2nd biggest agreement we're rolling over and trade with EEA is worth nearly £30bn. This is on top of the agreement we’ve signed with Liechtenstein."This is the 2nd biggest agreement we're rolling over and trade with EEA is worth nearly £30bn.
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