EU - Faeroe Islands Free Trade Agreement

The EU - Faeroe Islands Free Trade Agreement aims to foster economic and trade relations between the two countries by eliminating tariffs and other trade barriers. 

The Agreement eliminates tariffs for goods including, but not limited to: 

• 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 manganese, copper, aluminium, and nickel 
• Various products manufactured using the above minerals and metals, such as sheets, powders, bars and plates 

The Agreement also includes rules of origin and local content provisions. Goods are counted as originating if they are wholly produced or obtained in the country, or undergo sufficient work. 

Want to know more about this policy ? Learn more