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Last week, the House of Lords European Affairs Committee published a report on the UK’s post-Brexit trade deal with Norway, Iceland and Liechtenstein.
The report highlighted the deal’s extra benefits for the fisheries sector.
It said: “Tariffs on the import into the UK of shrimps and prawns are removed, delivering savings of between £1million and £2.7million annually.
“While benefiting businesses in Norway, this should also reduce costs for the UK fish processing industry (employing around 18,000 people across the UK, almost three-quarters based in Scotland, East Yorkshire and northern Lincolnshire), and ultimately for consumers.
“On the other hand, Norway has agreed to cut certain tariffs for imports of UK fish feed from 10.5 per cent to zero, thereby achieving annual savings of some £4.1million.”
However, the chair of the Lords Committee, The Earl of Kinnoull pointed out that Northern Ireland was left out of the agreement.
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