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

Country / jurisdiction: Iceland · Year: 1992 · Status: In force · Level: International · Type: Voluntary

The first free trade agreement between Turkiye and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland came into force in 1 Apr 1992 and modernised on 1 Oct 2021.

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;

The rules of origin under this agreement fall under the Regional Convention on Pan-Euro-Mediterranean rules of origin. As such, accumulation of materials originating in the EFTA States, Turkey and the other “Pan-Euro-Med” member countries once the respective agreements are in placed is allowed.

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