CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. EFTA States Conclude Georgia FTA, Begin Ecuador Talks

EFTA States Conclude Georgia FTA, Begin Ecuador Talks

by Ulrika Lomas, Tax-News.com, Brussels

04 July 2016


The member states of the European Free Trade Association (EFTA) signed a free trade agreement (FTA) with Georgia during a meeting on June 27, 2016.

The FTA covers, among other things, trade in goods (industrial and agricultural goods, fish, and other marine products), rules of origin, trade facilitation, and trade in services.

The EFTA states – Iceland, Liechtenstein, Norway, and Switzerland – and Georgia launched negotiations on the FTA in September 2015 and concluded them in February 2016, following three rounds.

Merchandise trade between the EFTA States and Georgia has increased at an average annual rate of 19 percent between 2005 and 2015. In 2015, total merchandise trade between the EFTA states and Georgia was valued at USD53.3m, with EFTA's exports to Georgia amounting to USD49.4m, and exports from Georgia to the EFTA states reaching USD3.9m.

At the same meeting on June 27 the EFTA states launched negotiations on an FTA with Ecuador. The two sides signed a Joint Declaration on Cooperation in June last year.

EFTA's global network of preferential trade agreements outside the European Union now consists of 27 agreements with 38 partners.

At the meeting the EFTA ministers also discussed the outcome of the United Kingdom's referendum on the European Union and its possible implications. They underlined the importance of maintaining close trade relations with the United Kingdom.

TAGS: tax | marine | free trade agreement (FTA) | Iceland | export duty | tariffs | Ecuador | Liechtenstein | Norway | United Kingdom | agreements | Georgia | Switzerland | import duty | trade | services | Europe

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

 Email: 
 Password: 

Login »

Forgotten your password?







Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »