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

The free trade agreement between Montenegro and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland, was signed on 14 November 2011. The agreement entered into force on 1 September 2012 for Montenegro, Liechtenstein and Switzerland, 1 October 2012 for Iceland and 1 November 2012 for Norway. 

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 of specific non-originating materials except that 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 15 - 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/montenegro)