Comprehensive Economic Partnership Agreement (CEPA) between EFTA States and Ecuador

The Comprehensive Economic Partnership Agreement (CEPA) between Ecuador and the European Free Trade Association States ("EFTA") entered into force in November 2020. 

It provides for gradual tariff elimination on imports of most energy products, including : 

• 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 delineated in the Agreement state goods qualify for preferential tariff treatment if : 

• wholly obtained, or having undergone sufficient processing in one of the signatory countries or
• the value of  non-originating manufacturing materials incorporated does not exceed 50-60% of the ex-works price of the final product

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