Recommendation on EEA and Norwegian Financial Mechanisms (2021-2028)

by name voted on 02.04.2025

Summary

The report recommends approving agreements that establish financial mechanisms for Iceland, Liechtenstein, and Norway to support economic and social cohesion in the EEA until 2028, alongside new fishery product protocols.

10 02.04.2025

Report

economy

fisheries

social policy

european union

international relations

Key points

In force from 01/05/2021 Out of force from 30/04/2028

Establishment of financial mechanisms to support economic and social equality within the European Economic Area.
A total financial contribution of EUR 3.268 billion will be provided for the period between May 2021 and April 2028.
The agreement includes new rules and concessions regarding the import of fish and fishery products into the EU.
Concerns have been raised regarding potential imbalances in the fisheries protocols that could affect the EU fishing sector.

Vote

PPE

S&D

PfE

ECR

Renew

Verts/ALE

The Left

NI

ESN

Total

Documents (PDFs)

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 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

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