Efta Ukraine Free Trade Agreement

Since 1995, there have been only two founding members, norway and Switzerland. The other five, Austria, Denmark, Portugal, Sweden and the United Kingdom, joined the EU at some point in the years that followed. The original Stockholm Convention was replaced by the Vaduz Convention, which aimed to create an effective framework for the further expansion and liberalization of trade among the Member States of the Organization and with the rest of the world. EFTA was historically one of the two main trading blocs in Western Europe, but it is now much smaller and closely linked to its historical competitor, the European Union. It was founded on 3 May 1960 to serve as an alternative trading bloc for European states that could not or would not join the then European Economic Community (EEC), the EU`s MAIN predecessor. The Stockholm Convention (1960) establishing EFTA was signed on 4 January 1960 in the Swedish capital of seven countries (the “external seven”: Austria, Denmark, Norway, Portugal, Sweden, Switzerland and the United Kingdom). [5] A revised convention, the Vaduz Convention, was signed on 21 June 2001 and entered into force on 1 June 2002. [6] The Council examines substantive issues, in particular as regards the development of EFTA relations with third countries and the management of free trade agreements, and carries out a general examination of relations with the politics and administration of EU third countries. Its mandate is to examine possible policies to promote the general objectives of the Association and to facilitate the development of links with other States, associations of States or international organizations. The Council also manages relations between the EFTA States under the EFTA Agreement. EEA issues will be dealt with by the Standing Committee in Brussels. The main difference between the EEC and EFTA was that, unlike EFTA, EFTA did not apply the Common External Customs Tariff: each EFTA member was free to determine its individual customs duties vis-à-vis non-EFTA countries or its individual free trade agreements with you. The EFTA states now have 24 free trade agreements covering 33 partner countries outside the European Union.

IIA Navigator This database of IIAs – the IIA Navigator – is maintained by UNCTAD`s IIA section. You can search for IAIs completed by a specific country or group of countries, view recently completed IIAs, or use advanced contract search for sophisticated searches tailored to your needs. Please quote: UNCTAD, Navigator for International Investment Treaties, available under investmentpolicy.unctad.org/international-investment-agreements/ Bilateral merchandise trade between EFTA and Ukraine amounted to USD 1.2 billion in 2011, following an average annual growth of 19% over the past decade. Ukraine is EFTA`s second largest export destination outside the EU, with fish and pharmaceuticals as the main export categories. The main EFTA imports from Ukraine are currently inorganic chemicals. Industrial products originating in Ukraine, including fish and other marine products, enjoy duty-free access to the markets of the EFTA States from the entry into force of the Agreement (Chapter 2). For these products originating in the EFTA States imported into Ukraine, most duties will also be zero from their entry into force, while most other duties will be phased out over transitional periods of up to 10 years (Annexes III and IV). Unlike standardised free trade areas, the DCFTA aims to offer the associated country the “four freedoms” of the EU`s internal market: the free movement of goods, services, capital and people. However, the movement of persons takes the form of a visa-free regime for short stays, while the free movement of workers remains the responsibility of the EU Member States. [2] The Deep and Comprehensive Free Trade Area is an “example of the integration of a non-EEA member into the EU`s internal market”. [3] Ukraine has concluded free trade agreements with the European Free Trade Association (EFTA), the CIS, as well as with Montenegro, Macedonia, Georgia, Azerbaijan, Tajikistan, Turkmenistan and Uzbekistan.

Under the agreement, two other documents were signed to provide technical and financial assistance to the Ukrainian side in adapting to the new terms of trade, namely: the Memorandum of Understanding on the bilateral cooperation programme in the field of agriculture between the Ministry of Agricultural policy and Food of Ukraine and the Swiss State Secretariat for Economic Affairs; and the Joint Declaration on Cooperation in the Field of Fisheries between the State Fisheries Agency of Ukraine, the Ministry of Fisheries and Agriculture of Iceland and the Ministry of Fisheries and Coastal Affairs of Norway. Free trade agreements promote the free movement of goods and services between countries, which in turn promotes the attraction of investment, the reduction of import costs, the development of national production and infrastructure, the exchange of experiences and technologies, the employment of the population, the preservation of taxes and royalties in households and the maintenance of close inter-State ties. The free trade area between Ukraine and Georgia has been in force since 1996 in accordance with the Agreement between the Government of Ukraine and the Government of the Democratic Republic of Georgia of 9 January 1995 (entered into force on 4 June 1996) and the Intergovernmental Protocol on Amendments and Additions to the Agreements established on 17 June. 2009, which is related to Georgia`s withdrawal from the CIS. For more information, please visit the EFTA free trade website. The agreement provides for tariff concessions for processed agricultural products (Annex II). Tariff concessions for basic agricultural products are covered by bilateral agricultural agreements which are part of the instruments for establishing a free trade area between the parties. The Faroe Islands already have a comprehensive bilateral free trade agreement with Iceland, called the Hoyvík Agreement. The agreement between the two parties was signed in Reykjavik, Iceland, on 24 June 2010. It covers broad coverage, including trade in goods and services, investment, trade facilitation, competition, protection of intellectual property rights and government procurement.

The EFTA countries signed a free trade agreement with Ukraine on 24 June 2010 in Reykjavik, Iceland. The agreement entered into force on 1 June 2012. CIS Free Trade Agreement (member countries: Ukraine, Azerbaijan, Belarus, Armenia, Kazakhstan, Kyrgyzstan, Moldova, Uzbekistan, Tajikistan, Turkmenistan, Uzbekistan), signed on 18 October 2011 and ratified by Ukraine on 13 July 2012. The Free Trade Agreement between the Government of Ukraine and the Government of Montenegro was signed in Kiev on 18 November 2011 and was also ratified by Ukrainian Law No. 5445-VI of 16 October 2012; entered into force on 1 January 2013. This agreement covers trade in goods, services and dispute settlement. In accordance with the provisions of the Agreement after its entry into force, Montenegro provides for the abolition of import duties. In order to avoid possible negative consequences for the Ukrainian economy, the Ukrainian side to the agreement excluded a number of sensitive groups of agricultural products from the free trade area. Ukraine`s right to apply export duties in accordance with existing WTO obligations will also be maintained. EFTA has concluded several free trade agreements with third countries, as well as declarations on cooperation and joint working groups to improve trade. Currently, in addition to the 28 Member States of the European Union, the EFTA States have established preferential trade relations with 24 States and territories.

[46] Although EFTA is not a customs union and Member States are fully authorised to conclude bilateral trade agreements between third countries, it has a coordinated trade policy. [3] As a result, their Member States have jointly concluded free trade agreements with the EU and a number of other countries. [3] In order to participate in the EU`s internal market, Iceland, Liechtenstein and Norway are parties to the Agreement on the European Economic Area (EEA), the conformity of which is governed by the EFTA Surveillance Authority and the EFTA Court of Justice. Instead, Switzerland has concluded a number of bilateral agreements with the EU. The headquarters in Geneva are responsible for the management and negotiation of free trade agreements with third countries and support the EFTA Council. .

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