What Countries Have Free Trade Agreements

What Countries Have Free Trade Agreements

Most Swiss agreements are concluded within the framework of the European Free Trade Association (EFTA). In addition, Switzerland also has the right to negotiate free trade agreements without EFTA participation, as was the case, for example, with China, Japan and the Faroe Islands. This is a list of free trade agreements between two parties, where each party could be a country (or other customs territory), a trading bloc or an informal group of countries. Note: Every customs union, every common market, every economic union, every customs and monetary union and every economic and monetary union is also a free trade area. If you want to export your product or service, the U.S. may have negotiated favorable treatment through a free trade agreement to make it easier for you and cheaper. Accessing the benefits of the FTA for your product may require more records, but it can also give your product a competitive advantage over products from other countries. They have also evolved to cover a wider range of areas to facilitate trade. These include public procurement opportunities, business visitor visas, mutual recognition of professional qualifications, product certification, intellectual property rights and cross-border trade in services. Application in the SME sector Often, exporting companies do not pay sufficient attention to the topics of free trade agreements and declarations of origin. When determining the country of origin, coordination between the company management, export department, purchasing, quality assurance, logistics and finance is necessary.

If, for example, the purchase changes supplier due to lower prices (former country of origin Switzerland; new country of origin China/third country), the export department must also be informed, as this may change the country of origin. Changes in prices and fluctuations in production or exchange rates can also have an impact on the assessment of the country of origin. If the calculations are not regularly reviewed and false declarations are made accordingly, this can lead to the subsequent payment of customs duties and the imposition of significant fines on companies. Free trade agreements are designed to improve business relationships with key partners around the world. The aim is to eliminate or at least minimise obstacles to the Swiss economy on international markets. Tariffs and non-tariff barriers to trade (e.g. B technical regulations, packaging and labelling regulations, import quotas) must be dismantled. The EU has concluded preferential trade agreements with around 70 countries around the world. [1] These countries account for almost 32% of the EU`s external trade. [2] Turkey has concluded bilateral and multilateral agreements with: An up-to-date overview of the swiss free trade agreement network can be found in section www.seco.admin.ch. . .

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