Free Trade Agreement between United Kingdom and the States of the European Free Trade Association

Country / jurisdiction: Switzerland · Year: 2021 · Status: In force · Level: International · Type: Voluntary

The free trade agreement between the United Kingdom and Switzerland entered into force on 1 Jan 2021.

It provides preferential border tariff treatment to most industrial products, including 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;

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

For mineral ores, fuels and metals, including iron and steel, include manufacturing from materials of any heading, except that of the product

For petroleum oils and gases, refining of non-originating materials or 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, manufacturing from non-originating materials except the product itself ,or value of all the manufacturing materials used does not exceed 50 % of the ex-works price of the product

Official source: https://www.seco.admin.ch/seco/en/home/Aussenwirtschaftspolitik_Wirtschaftliche_Zusammenarbeit/Wirtschaftsbeziehungen/brexit.html