Interim Free Trade Agreement between Palestinian Authority and the States of the European Free Trade Association

Country / jurisdiction: Iceland · Year: 1999 · Status: In force · Level: International · Type: Voluntary

The interim free trade agreement between State of Palestine and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland was entered into force in 1999.

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, conditions to confer originating status include but not limited to the following:

For mineral ores, fuels as well as iron and steel, it includes manufacturing of specific non-originating materials except that of the product

For petroleum oils and gases, it could qualify i. manufacturing of any material except that of the product,  ii. refining of non-originating materials or iii. 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. manufacturing from non-originating materials except the product itself or ii. value of all the manufacturing materials used does not exceed 10-50 % of the ex-works price of the product

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