On December 8, 2020, in a press release, the Government of the United Kingdom (UK) announced the signing of a trade continuity agreement between the UK, Norway, and Iceland. This interim agreement will be in place until the negotiations on a comprehensive Free Trade Agreement are completed and enter into force.
This continuity agreement ensures duty-free treatment for a majority of goods and is meant to ease the transition period as the UK exits the European Union (EU). Additional agreements on fisheries have previously been adopted between the UK and both Norway and Iceland.
The press release can be found here: