The proposal is the result of bilateral trade negotiations between the two parties conducted from March 2008 to January 2010, which were initialled on January 29, 2010. The agreement is part of the regular process of progressive trade liberalisation in agriculture foreseen by the EEA Agreement. It will allow the EU exporters to reinforce their position on the Norwegian market. The additional liberalisation represents roughly 20% of the current value of EU exports to Norway; when taking into account already existing bilateral preferences, around 60% of EU exports (in value) to Norway will be completely liberalised.
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