Oireachtas Joint and Select Committees

Thursday, 1 February 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

European Union Matters: Commissioner Valdis Dombrovskis

9:00 am

Mr. Valdis Dombrovskis:

No. The UK itself has excluded this option. Norway's model provides Norway with access to the EU Single Market but on exact conditions. Norway respect the four freedoms including the free movement of labour, the European Court of Justice jurisdiction and the contribution to the EU budget directly to EU member states via the Norwegian financial instrument. This provides the Norwegian financial contribution, which is quite substantial. The capitation is significantly higher than that paid by the UK. Those were not conditions that the UK was willing to accept. This is why there will not be a Norway model or European Economic Area model. This is why the relationship will be less close, with the UK being outside the Single Market.

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