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

The Free Trade Agreement between Peru and the European Free Trade Association States ("EFTA") entered into force on 1 July 2011 for Peru, Liechtenstein and Switzerland, 1 October 2011 for Iceland and 1 July 2012 for Norway. 

It provides for the elimination of import tariffs for most industrial and energy sector 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 apply to qualify for the preferential tariff treatment : products need to be wholly obtained on the territory of at least one of the Parties, or having undergone a significant production, or incorporate non-originating materials valued  at less than 50-60 % of the ex-works final price.

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