Norway is an EU outsider, but with the insider’s rights and obligations of the internal market. This might sound like an ideal solution. However, the price to pay is a substantial amount of cash and no say in the legislative process. Norway has placed itself on the political sidelines, as an observer in the making of Europe. Is this what Britain wants?
Norway’s relationship with the EU is governed by a huge number of binding agreements, the most important being the European Economic Area. This is an agreement between the three EFTA states – Norway, Iceland and Liechtenstein – and the 28 members of the EU.