The Commission and the EEA EFTA States have reached an agreement on the EEA Financial Mechanism 2021-2028

The Commission and EEA EFTA States (Iceland, Liechtenstein and Norway) reached agreement at negotiators' level on the EEA Financial Mechanism 2021-2028. The Financial Mechanism sets out the contribution of the EEA EFTA States to reducing the economic and social disparities in the EEA, with a view to promoting a continuous and balanced strengthening of trade and economic relations, and as a complement to the EU's Cohesion Policy objectives.

The Commission and Norway also reached an additional agreement at negotiators' level on a parallel Norwegian Financial Mechanism for the same period of time, pursuing similar objectives.

The Commission has also reached agreements with both Iceland and Norway on the temporary liberalisation of access to the EU market for some fish and seafood products over the same period. These agreements take the form of ‘additional protocols' to long-standing bilateral agreements with the two countries.

RAPID, IP/23/6244, 1.12.2023
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