United Kingdom and European Union Free Trade Agreement

The United Kingdom - European Union Free Trade Agreement notably establishes a free trade area on goods and services. The Agreement  came into force in 2021.

It eliminates border tariffs and trade quotas on all goods that comply with the appropriate rules of origin, including:

• Electric generation equipment 
• Mechanical equipment including pumps, appliances, and other advanced machinery
• Electric motors, transformers, batteries, and capacitors
• Motor vehicles
• Mineral ore and processed products including graphite, manganese, copper, aluminum, and nickel
• Various products manufactured using above minerals and metals such as sheets, powders, bars, and plates
• Photovoltaic cells

Goods are counted as originating from each country if:

• wholly produced or obtained in the country (applicable to minerals, ores and selected iron & steel)
• products have undergone "sufficient working or processing" in the respective Party (applicable to manufactured goods) defined, largely as:
  • undergoing a change in applicable HS code heading as defined for the good in the agreement
  • undergoing a manufacturing process where the the regional value content (RVC) exceeds levels set for the goods.

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