Considerations on COM(2024)97 - Conclusion of the Agreement between the EU, Iceland, Liechtenstein and Norway on an EEA Financial Mechanism for the period May 2021 - April 2028, the Agreement between Norway and the EU on a Norwegian Financial Mechanism for the period May 2021 - April 2028, the Additional Protocol to the Agreement with Norway and the Additional Protocol to the Agreement with Iceland

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dossier COM(2024)97 - Conclusion of the Agreement between the EU, Iceland, Liechtenstein and Norway on an EEA Financial Mechanism for the period ...
document COM(2024)97
date March  4, 2024
 
(1) There remains a need to alleviate economic and social disparities within the European Economic Area, and a new mechanism for the financial contributions of the EEA EFTA States and a new Norwegian financial mechanism should therefore be established.

(2) On 20 May 2021, the Council authorised the Commission to open negotiations with Iceland, the Principality of Liechtenstein and the Kingdom of Norway on an agreement on the future financial contributions of the EEA EFTA States to economic and social cohesion in the European Economic Area.

(3) The EEA Financial Mechanism (May 2021 – April 2028) and the Norwegian Financial Mechanism (May 2021 – April 2028) will contribute to the reduction of economic and social disparities in the European Economic Area and to the strengthening of relations between the EEA EFTA States and the Beneficiary States.

(4) The special provisions on imports into the EU of certain fish and fisheries products originating in Iceland and Norway, set out in the Additional Protocols to their respective Free Trade Agreements with the European Economic Community, expired on 30 April 2021 and have been reviewed in accordance with Article 1 of these Protocols.

(5) The Agreement between the European Union, Iceland, the Principality of Liechtenstein and the Kingdom of Norway on an EEA Financial Mechanism for the period May 2021 – April 2028, the Agreement between the Kingdom of Norway and the European Union on a Norwegian Financial Mechanism for the period May 2021 – April 2028, the Additional Protocol to the Agreement between the European Economic Community and the Kingdom of Norway and the Additional Protocol to the Agreement between the European Economic Community and Iceland were signed in Brussels on (....). The said Agreements and Protocols should be approved on behalf of the European Union.