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

The free trade agreement between Albania and the European Free Trade Association States ("EFTA") entered into force on 1 November 2010 for Albania, Liechtenstein and Switzerland, 1 August 2011 for Norway and 1 October 2011 for Iceland. 

It provides for import tariff reduction or elimination 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, conditions to confer originating status include but not limited to the following: 

• For mineral ores, fuels and metals, including iron and steel, it includes manufacturing of specific non-originating materials except that of the product 
• For petroleum oils and gases, it qualifies i. refining of non-originating materials or ii. other operations provided that materials same as the product heading is not more than 50% of the ex-works price of the product 
• For most of the remaining products listed above, it includes i. manufacturing from non-originating materials except the product itself or ii. value of all the manufacturing materials used does not exceed 50 % of the ex-works price of the product

Want to know more about this policy ? Learn more (https://www.efta.int/free-trade/Free-Trade-Agreement/Albania)