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Journal > Countries With A Free Trade Agreement With The Eu

Countries With A Free Trade Agreement With The Eu

September 16th, 2021

Negotiated agreements, meetings, factsheets, newsletters Find out about the new trade agreements that will be concluded as part of a no-deal Brexit. The rules of origin applicable to products from a country are set out in a protocol on origin annexed to the specific agreement between the EU and the country concerned. In the EFTA countries, openness to trade and access to international markets is the basis for economic growth and the common good. The EFTA States actively apply and promote high standards of sustainable development and inclusion in their respective trade and foreign policies. By adopting model rules on trade and sustainable development in 2010, EFTA Ministers recognised the need to strengthen policy coherence at national and international level in order to exploit the potential of a positive contribution of international trade to the promotion of sustainable development. Content of the agreements The essential element of each agreement is trade in goods (including the reduction of tariffs and other trade restrictions). These rules govern trade in industrial products (HS Chapter 25-97), fish and processed agricultural products. Trade in unprocessed agricultural products tends to be governed by separate bilateral agricultural agreements. The European Commission is in favour of a new generation of free trade agreements that will be concluded mainly with the world`s largest growing regions.

The aim is to increase growth and jobs in Europe by improving the global competitiveness of European businesses. Types of cumulation: bilateral cumulation: only with matters of both (bilateral) partners (e.g.B. Switzerland-Japan or EFTA-Colombia). Diagonal cumulation: possible with materials from several free trade partners, provided that all apply the same country of origin rules (e.g. EU.B-EFTA-Turkey). Euro-Med cumulation: it is also possible to do this with materials originating in the Mediterranean countries, provided that all the free trade partners concerned apply the same country of origin rules and that there are agreements between them. Participating countries: Egypt, Algeria, Israel, Jordan, Lebanon, Morocco, Syria, Tunisia, the West Bank and Gaza Strip, as well as the Faroe Islands. With effect from 1 January 2012, the following Western Balkan countries were also included in the Euro-Med cumulation area: Albania, Croatia, Macedonia and Serbia.

Cumulation is not yet possible for trade with the EU, nor does it apply to agricultural products listed in Chapters 1 to 24. Pan-European cumulation: with materials originating in EFTA, the EU or Turkey. Total cumulation: the appropriate processing must not take place in the customs territory of a single country, but may take place throughout the territorial territory of a free trade agreement. Total cumulation is only provided for under the EFTA-Tunisia Free Trade Agreement. In line with ECJ directives, the EU is now developing free trade agreements to ensure that they remain the exclusive competence of the EU. Therefore, areas such as investor-state dispute settlement and portfolio investments need to be negotiated in separate agreements. This clear division of areas into different agreements makes it possible to ratify and enforce free trade agreements quickly and reliably by European legislators. . . .

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