Free Trade Agreement between Albania and the States of the European Free Trade Association

Country / jurisdiction: Iceland · Year: 2010 · Status: In force · Level: International · Type: Voluntary

The free trade agreement between Albania and the European Free Trade Association States ("EFTA") entered into force on 1 November 2010 for Albania, Liechtenstein and Switzerland, 1 August 2011 for Norway and 1 October 2011 for Iceland.

It provides for import tariff reduction or elimination for most industrial and energy sector products, including:

Electric motors, turbines and generators;

Mechanical equipment including pumps, appliances, and other advanced machinery;

Electric accumulators, transformers, capacitors, batteries;

Motor vehicles;

Mineral ore, slag and ash;

Mineral fuels, oils and other products;

Metals and their articles e.g. iron and steel;

Semiconductors devices and photovoltaic cells;

Rule of origins apply to qualify for the preferential tariff treatment, conditions to confer originating status include but not limited to the following:

For mineral ores, fuels and metals, including iron and steel, it includes manufacturing of specific non-originating materials except that of the product

For petroleum oils and gases, it qualifies i. refining of non-originating materials or ii. other operations provided that materials same as the product heading is not more than 50% of the ex-works price of the product

For most of the remaining products listed above, it includes i. manufacturing from non-originating materials except the product itself or ii. value of all the manufacturing materials used does not exceed 50 % of the ex-works price of the product

Official source: https://www.efta.int/trade-relations/free-trade-network/albania