A Norway Style Deal Explained - Brexit Explained.

The video discusses the potential for the UK to adopt a Norway-style deal post-Brexit. It explains Norway's relationship with the EU, being part of the European Economic Area but not the EU itself, allowing access to the single market while maintaining some autonomy. The Norway Plus model, which includes a customs union, is explored as a potential option for the UK. The video also covers the implications of not being in a customs union, the common fisheries and agricultural policies, and Norway's adherence to EU laws despite not being an EU member.

What is the European Free Trade Association, and which countries are part of it?

• A customs union between Norway and the EU

• A political alliance between Norway and the UK

• A trade agreement between the UK and EU

• An EU membership group including Norway, Liechtenstein, Iceland, and Switzerland

Why might the UK need to be in a customs union with the EU under a Norway-style deal?

• To avoid rules of origin checks and ensure smooth trade

• To gain full EU membership

• To have a say in EU legislation

• To avoid tariffs on all goods

What is a key reason Norway is not part of the EU's common agricultural policy?

• To increase its GDP per capita

• To reduce food prices in Norway

• To allow EU farmers to sell in Norway

• To protect its local agriculture industry from cheaper EU produce

How does Norway's exemption from the common fisheries policy benefit its economy?

• By allowing EU fleets access to Norwegian waters

• By protecting its fishing industry and negotiating tariffs

• By reducing fish prices for Norwegian consumers

• By increasing EU fishing exports

What percentage of EU law does Norway reportedly adopt to maintain smooth trade in the single market?

• 20%

• 50%

• 100%

• 75%

Why is Norway often described as a 'rule taker' in relation to EU law?

• It has full voting rights in the EU

• It abides by EU law without having a say in its formation

• It creates its own laws independent of the EU

• It has a veto power over EU legislation

What is the role of the European Free Trade Area Court in relation to Norway?

• It interprets European law similarly to the European Court of Justice

• It creates new laws for Norway

• It allows Norway to veto EU laws

• It has no influence over Norway