Agreement objectives: :
aiming at liberalizing trade in goods and services by removing or reducing tariffs and limiting the application of non-tariff measures.
Entry into effect: 1 July 2015
Benefits:
- Liberalize trade in goods by removing or reducing tariffs while excluding some industrial goods from the exemption for religious, environmental, or health reasons.
- Liberalize trade in services by offering higher commitments than those offered under WTO and limiting restrictions through domestic legislation.
- Enable service providers and producers from member states to apply for tenders for government procurement. To find out opportunities and apply for government procurement tenders, visit the following website and create an account: European Free Trade Association | (efta.int)
- Has a dispute resolution procedure.