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

Country / jurisdiction: Iceland · Year: 2017 · Status: In force · Level: International · Type: Voluntary

The free trade agreement between Georgia and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland, was signed on 17 December 2009. The Agreement entered into force on 1 September 2017 for Georgia, Iceland and Norway and 1 May 2018 for Switzerland and Liechtenstein.

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 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. manufacturing from materials of any heading, except that of the

product or (ii) manufacturing in which the value of all the materials used does not exceed 50 % of the ex-works price of the product

For most of the remaining products listed above, it includes i. manufacturing from materials of any heading, except that of the product or ii. value of all the manufacturing materials used does not exceed 45-50 % of the ex-works price of the product

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