Trade is an important aspect of the bilateral relationship, with the United Kingdom being one of Norway's largest trading partners. Norway is a significant exporter of seafood to the UK, while the UK exports goods such as machinery, chemicals, and vehicles to Norway.
After Brexit, the UK and Norway negotiated a comprehensive free trade agreement (FTA). The agreement establishes an important framework for supporting and further developing trade, investments and the close business cooperation between Norway and the UK, following the UK's withdrawal from the European Union including the European Economic Area Agreement.
In May 2022, the two countries also signed a joint declaration. This outlines bilateral strategic cooperation on defence and security, climate and environment, research and innovation and education and culture.
Energy is another important area of cooperation as the UK is a significant consumer of energy from Norway. The two countries have collaborated on several energy projects, including the development of offshore wind farms.
Defence cooperation between Norway and the UK is also strong, with the two countries working together on a range of military operations and exercises. Both countries are dedicated members of NATO, and the UK is a key partner in Norway's defence efforts. The two countries also cooperate closely on Arctic security, given their shared interest in the region.
Norway and the UK share strong ties within arts and culture, especially within literature, music, film, visual and performing arts. Norwegian and British artists regularly perform in each other's countries. During cultural events, festivals and exhibitions networks are maintained and new connections are being made among performers, organisations and institutions.