Quicktake
Why Brexit Debate Is Making Return Trip to Norway: QuickTake Q&A
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U.K. Prime Minister Theresa May used to say she wanted a customized, "bespoke" trading relationship for Britain once it leaves the European Union. That was before she, and her negotiating hand, were weakened by the results of a snap election that backfired. Now May might have to soften her approach to Brexit by agreeing to maintain more ties to the EU’s trading bloc than she previously anticipated. If a bespoke deal is now a stretch, Norway’s relationship with the EU might be back on the table as a model.
Norway, like Iceland and Liechtenstein, isn’t in the EU, but is part of the European Economic Area, which also encompasses the 28 EU nations.