EFTA - Colombia Free Trade Agreement

Country / jurisdiction: Iceland · Year: 2011 · Status: In force · Level: National · Type: Voluntary

The free trade agreement between Colombia and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland), was signed on 25 November 2008. The agreement entered into force on 1 July 2011 for Colombia, Liechtenstein and Switzerland, 1 September 2014 for Norway and 1 October 2014 for Iceland.

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, notably upon the following conditions:

For mineral ores, slag and ash, product includes manufacturing of specific non-originating materials except that of the product

For most of the remaining products listed above, product includes i. manufacturing from non-originating materials except the product itself or ii. value of all the manufacturing materials used does not exceed 47-67 % of the ex-works price of the product

Official source: https://www.efta.int/free-trade/free-trade-agreements/colombia#anchor-1