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

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									International Free Trade Agreements

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


                                                  1
                    Introduction

•   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
    negotiations

                                                    2
              EFTA – Vaduz Convention

• Member of EFTA since 1970
• The scope of the EFTA Convention was expanded in
  2002;
   – 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
                                                            3
        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


                                              4
         EFTAs Free Trade Agreements

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




                                                  5
      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,
     Panama


                                                                         6
         EFTA – Negotiations in Progress

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

                                           7
  EFTA – Dialogues on Closer Trade Relations

• Central American States
• Malaysia
• Vietnam




                                               8
   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.

                                                                    9
 What is in an EFTA Free Trade Agreement? (2)

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




                                                10
            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
                                                       11
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

                                                        12
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
                                                                             13
               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

                                                                    14
Ministry for Foreign Affairs http://www.mfa.is

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




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