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

Country / jurisdiction: Iceland · Year: 2001 · Status: In force · Level: National · Type: Voluntary

The free trade agreement between Mexico and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland, entered into force on 1 July 2001.

It covers most industrial products across HS sectors 25 through 97 including most energy products and its constituents including but not limited to:

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 and metals, including iron and steel but excluding tube, pipes and structures, it qualifies manufacture in which all the material used are classified within a heading other than that of the product

For mineral fuels and oils , it qualifies i. manufacturing of all materials except that of the product ii. refining of non-originating materials or iii. 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 50-60 % of the ex-works price of the product

Official source: https://www.efta.int/free-trade/free-trade-agreements/mexico