3.-30-International-Free-Trade-Agreements by lanyuehua


									International Free Trade Agreements

                Screening Iceland
     Chapter 30, External Relations – Bilateral
              Brussels, 19 May 2011


•   European Free Trade Association – EFTA
•   European Economic Area – EEA
•   EFTAs Free Trade Agreements
•   Bilateral Free Trade Agreements
•   Termination of Agreements
•   Issues that require specific attention in the

              EFTA – Vaduz Convention

• Member of EFTA since 1970
• The scope of the EFTA Convention was expanded in
   – trade in services and investment;
   – mutual recognition of conformity assessments;
   – free movement of persons, social security and mutual
     recognition of diplomas;
   – land and air transport;
   – public procurement;
   – intellectual property rights.
• The Convention is updated by the EFTA Council on a
  continuous basis
        European Economic Area – EEA

• Free movement of goods, services, capital and
  persons among Iceland, Liechtenstein,
  Norway and the EU members
• Does not entail a common external tariff
• Iceland and the other EEA/EFTA states
  transpose into domestic law, on a continuous
  basis EU legislation covered by the Agreement

         EFTAs Free Trade Agreements

• One of the world’s largest networks of
  preferential trade relations
• Preferential access to markets of 670 million

      EFTA - Current Free Trade Agreements

• 22 FTAs covering 31 countries
   – Turkey, Israel, Morocco, Palestinian Authority, Macedonia,
     Mexico, Jordan, Croatia, Singapore, Chile, Lebanon,
     Tunisia, Republic of Korea, the Southern African Customs
     Union (SACU), Egypt, Canada
      • Colombia, the Gulf Cooperation Council (GCC), Albania, Serbia,
        Ukraine and Peru
• Joint Declarations on Cooperation
   – Malaysia, Mauritius, Mercosur, Mongolia, Montenegro,

         EFTA – Negotiations in Progress

• Bosnia-Herzegovina
• Montenegro
• Hong Kong, China
• India
• Indonesia
• Russia, Belarus and Kazakhstan
• Algeria
• Thailand

  EFTA – Dialogues on Closer Trade Relations

• Central American States
• Malaysia
• Vietnam

   What is in an EFTA Free Trade Agreement?

• First generation EFTA Free Trade Agreements (FTAs)
  establish a free trade area between the partner
  countries by:
   – providing for free trade in industrial goods, including fish
     and other marine products;
   – liberalising trade in processed agricultural products;
   – including trade disciplines; and
   – establishing rules on customs and origin matters.
   – Trade in basic agricultural products is covered by bilateral
     agreements between the individual EFTA States and the
     partner country, which form part of the instruments
     establishing the free trade area.

 What is in an EFTA Free Trade Agreement? (2)

• Second generation elements:
  –   Intellectual Property Rights
  –   Services
  –   Investment
  –   Government Procurement

            Bilateral Trade Agreements

• Trade Agreement with the EU (1972)
  – Trade in industrial products, fish products, and
    processed agricultural products
• Agricultural Agreement with the EU (2007)
• Faroe Islands
  – the most extensive FTA
• Greenland
• Ongoing negotiations
  – China
Termination of Preferential Trade Agreements (1)

• EFTA Convention/EEA
   – Withdrawal by a written notification to the
     Depositary/other parties twelve months prior to
     withdrawal taking effect
• EFTAs Free Trade Agreements
   – Withdrawal by a written notification to the
     Depositary. Takes effect on the first day of the
     sixth month after the date on which it was
     received by the Depositary
      • Bilateral Agricultaral Agreements expire

Termination of Preferential Trade Agreements (2)

• Trade Agreement with the EU
   – Withdrawal by means of written notification, which shall take effect
     twelve months thereafter
• Agricultural Agreement with the EU
   – No provisions
• Faroe Islands
   – Withdrawal by means of a written notification to the other Party,
     which shall take effect on the first day of the next month after the end
     of a twelve months period from the receipt of the notification
   – The benefits that the Agreement provides for investors and service
     providers, shall remain in place for a period of at least five years after
     the termination of the Agreement
• Greenland
   – Withdrawal by means of a notification to the other Party, which shall
     take effect twelve months after the date of the notification
               Issues that Require Specific
              Attention in the Negotiations
• Securing market access of Icelandic export goods and services
  in existing free trade agreements of the EU and in FTAs that
  are being negotiated by the EU
   – Market access to be comparable to current preferential trade
     arrangements of Iceland
• Securing Iceland's import interests, such as regarding raw
  material for industry and fish and related products for
  procesessing of fish and other marine products
   – Securing Iceland's interests in the import of services.
• Secure trade relations with the Faroe Islands, bearing in mind
  the current comprehensive Free Trade Agreement between
  Iceland and the Faroe Islands

Ministry for Foreign Affairs http://www.mfa.is

EU Application Website http://europe.mfa.is/


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