United Kingdom - Andean countries Free Trade Agreement

The Free Trade Agreement between United Kingdom and the Andean countries entered into force on January 2021, fully or partially eliminating import tariff for most energy products and technologies, 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; 

Rules of origin delineated in the agreement state goods may benefit from preferential tariff treatment if:

• they are wholly produced or obtained in one of the signatory countries (applicable to minerals, raw materials, waste and scrap materials).
• they have undergone a significant production process in one of the signatory countries (eg. one that entails changes in HS codes) and meet minimum regional value content requirements (applicable to manufactured goods) 

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