Text · Report parliamentary committee draft

On the draft Council decision on the conclusion, on behalf of the European Union, of 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

Full title

Document INTA-PR-767917 · 10005/2024 – C100103/2024 – 2024/0052(NLE)

Kind: Report parliamentary committee draft INTA-PR-767917
Date: 3 March 2025
Committee: Committee on International Trade
Rapporteur: Željana Zovko
Dossier: 2024/0052(NLE)

More facts (3)

Formats: Official page PDF Word
Subject matter: AELE
Reference: 10005/2024 – C100103/2024 – 2024/0052(NLE)

Formats: Official page PDF Word
Subject matter: AELE
Reference: 10005/2024 – C100103/2024 – 2024/0052(NLE)

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In short

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The draft report recommends that Parliament give its consent to the conclusion of four agreements and protocols between the EU and Iceland, Liechtenstein, and Norway on financial mechanisms and fisheries for 2021-2028. The agreements provide EUR 3.268 billion for economic and social cohesion in the EEA, new fisheries concessions, and a fish transit arrangement. The rapporteur expresses concerns about imbalances in the fisheries protocol with Norway but supports the package as a whole.

Position. The rapporteur proposes that Parliament give its consent to the conclusion of the agreements and protocols, despite concerns about the fisheries protocol with Norway.

Key points

Parliament gives its consent to the conclusion of the EEA Financial Mechanism Agreement, the Norwegian Financial Mechanism Agreement, and the Additional Protocols with Norway and Iceland.
The agreements provide a financial contribution of EUR 3.268 billion for economic and social cohesion in the EEA for May 2021 – April 2028.
The protocols with Iceland and Norway provide new concessions for fish and fishery products for the same period, with flexibility on carry-over of unexhausted quotas.
Norway renews the fish transit arrangement for EU vessels landing catches in its territory.
The rapporteur raises concerns about limits and imbalances in the fisheries protocol with Norway but consents to the four arrangements as one package.
The rapporteur calls on the Commission to address the imbalances in the EU fishing sector adequately and swiftly.

Who is affected

Iceland, Liechtenstein, and Norway as contributors to the EEA financial mechanisms.
EU fishing sector, affected by new concessions and imbalances in the protocol with Norway.

Figures and deadlines

EUR 3.268 billion
May 2021 – April 2028

Legal basis. Article 217 and Article 218(6), second subparagraph, point (a), of the Treaty on the Functioning of the European Union

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Draft european parliament legislative resolution

(10005/2024 – C100103/2024 – 2024/0052(NLE))

(Consent)

The European Parliament,

–having regard to the draft Council decision (10005/2024),

–having regard to the draft 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 (10057/2024),

–having regard to the draft Agreement between the Kingdom of Norway and the European Union on a Norwegian Financial Mechanism for the period May 2021–April 2028 (10146/2024),

–having regard to the draft Additional Protocol to the Agreement between the European Economic Community and the Kingdom of Norway (10149/2024),

–having regard to the draft Additional Protocol to the Agreement between the European Economic Community and Iceland (10148/2024),

–having regard to the request for consent submitted by the Council in accordance with Article 217 and Article 218(6), second subparagraph, point (a), of the Treaty on the Functioning of the European Union (C10-0103/2024),

–having regard to Rule 107(1) and (4), and Rule 117(7) of its Rules of Procedure,

–having regard to the recommendation of the Committee on International Trade (A100000/2025),

1.Gives its consent to the conclusion of the agreements and protocols;

2.Instructs its President to forward its position to the Council, the Commission and the governments and parliaments of the Member States, Iceland, the Principality of Liechtenstein and the Kingdom of Norway.

Back matter, 2

Parts that accompany the text rather than belong to it: explanatory statement, annexes, opinions appended by other committees. Collapsed.

Explanatory statement 11 blocks

The European Economic Area (EEA) Agreement allows Iceland, Liechtenstein and Norway to participate fully in the single market. As provided for in the Agreement, and since its entry into force in 1994, these three countries have therefore financially contributed to the alleviation of economic and social disparities in the EEA. In addition, Norway has contributed through a separate financial mechanism.

As the most recent financial mechanisms expired in 2021, the Commission opened negotiations in 2022 with Iceland, Liechtenstein and Norway on an agreement on their future financial contributions. In parallel, a review of the Protocols to the Agreements between the European Economic Community (EEC) and Iceland and Norway related to imports into the European Union (EU) of certain fish and fishery products, was opened as provided for in the revision clauses of the Free Trade Agreements with these countries.

The negotiations were concluded at negotiators’ level, with the initiating in November 2023 of:

 an Agreement between the EU, Iceland, Liechtenstein and Norway on an EEA Financial Mechanism for the period May 2021 – April 2028;

 an Agreement between Norway and the EU on a Norwegian Financial Mechanism for the period May 2021 – April 2028;

 an Additional Protocol to the Agreement between the EEC and Norway; and

 an Additional Protocol to the Agreement between the EEC and Iceland.

The EEA Financial Mechanism Agreement and the Norway Agreement will together provide a financial contribution to economic and social cohesion in the EEA of EUR 3.268 billion for the period May 2021 – April 2028. The Protocols with Iceland and Norway will provide for new concessions for the period May 2021 - April 2028. Flexibility will be provided concerning the carry-over of unexhausted quotas at the end of the period. Norway will also renew the fish transit arrangement for EU vessels landing catches in its territory.

The rapporteur raises its concerns regarding the limits and imbalances of the fisheries-related Protocol between the EEC and Norway, but nonetheless gives the consent of the conclusion of the four arrangements as one package.

The rapporteur calls on the Commission to take the concerns raised seriously and address the imbalances in the EU fishing sector adequately and swiftly.

On 25 June 2024, the Council adopted the Decision on the signing, on behalf of the EU, and on the provisional application of the Agreements and Protocols.

Annex: entities or persons from whom the rapporteur has received input 4 blocks

Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur declares that she received input from the following entities or persons in the preparation of the draft report:

Table from the text: Entity and/or person
Entity and/or person
Ministry of Regional Development and European Union Funds of Republic of Croatia
Mission of Norway to the European Union

The list above is drawn up under the exclusive responsibility of the rapporteur.

Where natural persons are identified in the list by their name, by their function or by both, the rapporteur declares that she has submitted to the concerned natural persons the European Parliament's Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

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Permalink: https://news.eu-parl.st-solutions.dev/texts/INTA-PR-767917
Data source: EP Open Data API: document record
Licensed CC BY 4.0.
Retrieved: 25 September 2026

Cite as

European Parliament (2025). “DRAFT RECOMMENDATION on the draft Council decision on the conclusion, on behalf of the European Union, of 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”. Text, 3 March 2025. docId INTA-PR-767917. EU Parl Watch Research. https://news.eu-parl.st-solutions.dev/texts/INTA-PR-767917 (retrieved 25 September 2026). Data: EP Open Data API: document record, https://data.europarl.europa.eu/api/v2/documents/INTA-PR-767917 (CC BY 4.0).

BibTeX

@misc{epw-text-inta-pr-767917,
  author = {{European Parliament}},
  title = {{DRAFT RECOMMENDATION on the draft Council decision on the conclusion, on behalf of the European Union, of 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}},
  year = {2025},
  date = {2025-03-03},
  howpublished = {\url{https://news.eu-parl.st-solutions.dev/texts/INTA-PR-767917}},
  url = {https://news.eu-parl.st-solutions.dev/texts/INTA-PR-767917},
  urldate = {2026-09-25},
  publisher = {EU Parl Watch Research},
  note = {Text. docId INTA-PR-767917. Data: EP Open Data API: document record (CC BY 4.0)}
}