Free Trade Agreement between Israel and the States of the European Free Trade Association
The Free trade agreement between Israel and States of the European Free Trade Association entered into force on 1 July 1993.
It provides the elimination of border tariffs for 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;
Rules of origin delineated in the Agreement include provisions preventing goods only undergoing minimal transformations in one of the signatory countries, or incorporating materials of external origin valued between 10%-50% of the ex-works price of the product to benefit from the tariff treatment established by the Agreement.
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