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

Country / jurisdiction: Iceland · Year: 1993 · Status: In force · Level: International · Type: Voluntary

The Free trade agreement between Israel and States of the European Free Trade Association entered into force on 1 July 1993.

It provides the elimination of border tariffs for most energy 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;

Rules of origin delineated in the Agreement include provisions preventing goods only undergoing minimal transformations in one of the signatory countries, or incorporating materials of external origin valued between 10%-50% of the ex-works price of the product to benefit from the tariff treatment established by the Agreement.

Official source: https://www.efta.int/sites/default/files/media/documents/legal-texts/free-trade-relations/israel/EFTA-Israel%20Free%20Trade%20Agreement.pdf