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

Country / jurisdiction: Iceland · Year: 2012 · Status: In force · Level: International · Type: Voluntary

The free trade agreement between Ukraine and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland, was signed on 24 June 2010 and entered into force on 1 Jun 2012.

It covers 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, fuels and metals, including iron and steel, it includes manufacturing from materials

of any heading, 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. value of all the manufacturing materials used does not exceed 40 % of the ex-works price of the product and ii. materials same as the product heading is limited to 10-25% of the ex-works price of the product

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