Free Trade Agreement between Bosnia-Herzegovina and the States of the European Free Trade Association
The free trade agreement between Bosnia and Herzegovina and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland), was signed on 24 June 2013 and entered into force on 1 January 2015.
It covers most industrial products across HS sectors 25 through 97 including most energy products and its constituents including but not limited to:
- 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 from materials of any heading, except that of the
product - For petroleum oils and gases, it qualifies i. manufacture from materials of any heading, except that of the
product 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-agreements/bosnia-and-herzegovina)