Turkey-EFTA free trade agreement will enter into force tomorrow

Published 2021년 9월 30일

Tridge summary

The Free Trade and Cooperation Agreement between EFTA (which includes Switzerland, Norway, Iceland, and Liechtenstein) and Turkey, which was signed in 1992 and renewed in 2018, has been published in the Official Gazette and is set to come into force. The revised agreement updates rules on goods trade, including customs duties, national treatment, technical barriers, sanitary and phytosanitary measures, and general provisions. It also includes a comprehensive text on intellectual property and regulations on data protection and technology transfer. The agreement is expected to increase trade in services and goods with these countries. Additionally, it facilitates patient mobility in private health services, aged care services, and wellness services, and includes provisions for e-commerce.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the information compiled by the AA correspondent, the Free Trade and Cooperation Agreement between EFTA, consisting of Switzerland, Norway, Iceland and Liechtenstein, and Turkey entered into force on April 1, 1992, and it is the first FTA signed by Turkey. The renewed FTA was signed in Iceland on June 25, 2018, as the need to renew the agreement, which is generally focused on trade in goods and the abolition of customs duties, and adapt it to the conditions of the day. The agreement was published in the Official Gazette on May 25, 2021, with the relevant Presidential Decision, after the completion of the internal approval processes. In this context, while notifications regarding the completion of the internal approval processes are made by the parties, the agreement will enter into force tomorrow. The Agricultural Agreement between the Republic of Turkey and the Swiss Confederation will also be in effect tomorrow. With the revised FTA, rules of origin such as customs ...

Source: Bursahakimiyet