Additional protocol to the Framework Agreement of the Pacific Alliance
The Additional Protocol, which entered into force in 2016, fully or partially eliminates import tariff for most energy products and technologies, including:
- Electric motors, turbines and generators;
- Mechanical equipment including pumps, appliances, and other advanced machinery;
- Electric accumulators, transformers, capacitors, batteries;
- Motor vehicles;
- Mineral ore, slag and ash;
- Mineral fuels, oils and other products;
- Metals and their articles e.g. iron and steel;
Rules of origin delineated in the Additional Protocol include provisions preventing goods only undergoing minimal transformations in one of the signatory countries or incorporating materials of external origin valued above 10% of the transaction value of the good to benefit from preferential tariff treatment.
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