Free Trade Agreement between United Kingdom and the States of the European Free Trade Association
The free trade agreement between the United Kingdom and Switzerland entered into force on 1 Jan 2021.
It provides preferential border tariff treatment to most industrial products, including most energy products 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;
- Semiconductors devices and photovoltaic cells;
Rule of origins apply to qualify for the preferential tariff treatment, with conditions to confer originating status include but are not limited to the following:
- For mineral ores, fuels and metals, including iron and steel, include manufacturing from materials of any heading, except that of the product
- For petroleum oils and gases, refining of non-originating materials or other operations provided that materials same as the product heading is not more than 50% of the ex-works price of the product
- For most of the remaining products, manufacturing from non-originating materials except the product itself ,or value of all the manufacturing materials used does not exceed 50 % of the ex-works price of the product
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