Re:UK formally leaves European Union after 48 years
by smnrchrds on Friday January 01, 2021 @02:39AM
(#25601555)
Norway is in EEA. For most (all?) economic purposes, being in EU, EEA, and Switzerland is equivalent. The same rules, procedures, responsibilities, and privileges apply whether the country is a member of EU or EEA.
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Re:UK formally leaves European Union after 48 years
by rsynnott on Friday January 01, 2021 @10:07AM
(#25603713)
Being in the EEA is somewhat worse than being in the EU; in particular, it's not in the customs union, so a lot of small businesses will not sell direct to Norway, and Norwegian SMEs are less likely to be direct exporters or to directly import their inputs. Being outside the customs union creates opportunities for middlemen, but otherwise isn't great for most people.
Norway's arrangement is much more comprehensive than the UK's, though.