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Date: 2025-04-04 Category: Not Applicable State: Union Government Country: Europe

Council Decision (EU) 2025/685 of 27 March 2025 on the conclusion, on behalf of the Union, of the Agreement in the form of an Exchange of Letters between the European Union and the Kingdom of Norway amending the Agreement of the European Union and the Kingdom of Norway pursuant to Article XXVIII of the General Agreement on Tariffs and Trade (GATT) 1994 relating to the modification of concessions on all the tariff-rate quotas included in the EU Schedule CLXXV as a consequence of the United Kingdom’s withdrawal from the European Union

Issued by Council of the European Union · Not Applicable

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Executive Summary & Key Takeaways

Key Changes

  • Specifically, the agreement amends the volume of three tariff-rate quotas as previously agreed in the Exchange of Letters signed on 17 December 2020.
  • The agreement provides for the apportionment of the tariff-rate quotas included in the EU Schedule CLXXV of GATT 1994 as a result of the UK's withdrawal from the EU.
  • The Council Decision approves the agreement on behalf of the European Union.
  • The President of the Council will provide notification of the agreement on behalf of the Union.
  • The decision enters into force on the date of its adoption, which is 27 March 2025.
  • The agreement modifies concessions on tariff-rate quotas (TRQs) included in the EU Schedule CLXXV.

What it means

  • Council Decision (EU) 2025/685 approves an agreement between the European Union and the Kingdom of Norway. This agreement amends a previous agreement concerning tariff-rate quotas (TRQs) included in the EU Schedule CLXXV of the General Agreement on Tariffs and Trade (GATT) 1994.
  • The amendment is a consequence of the United Kingdom's withdrawal from the European Union.

Impact Analysis

Stakeholders

  • United Kingdom: While not directly a party to this agreement, the UK's trade relationships with both the EU and Norway may be indirectly affected by the adjustments to the EU-Norway TRQs.

Suggested Action Items

  • Assess potential risks and opportunities arising from the new quota allocations.

Key Entities Referenced

European Union: One of the parties to the agreement, responsible for trade policy and agreements with other countries. Kingdom of Norway: One of the parties to the agreement, a key trading partner of the EU. General Agreement on Tariffs and Trade (GATT) 1994: The international agreement under which the tariff-rate quotas are established and modified. EU Schedule CLXXV: The specific schedule of tariff-rate quotas maintained by the EU under GATT 1994. Council Decision (EU) 2023/2577: Council Decision regarding the signing of the initial agreement. (OJ L, 2023/2577, 15.11.2023) Agreement of 17 December 2020: The initial agreement between the EU and Norway concerning TRQs, which is now being amended.
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