Free Trade Agreement between Iceland and Faroe Islands

The free trade agreement between the Faroe Islands and Iceland came in April 2006. The agreement extends the scope of cooperation between the two countries to the free movement of all goods, services, capital and persons, in effect creating a Faroese - Icelandic common market. The covered scope include energy however there is no specific mention of the products. Rules of origins apply to qualify only products originating from the territories of the parties.

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