22 August 2014
The free trade agreement between the Member States of the European Free Trade Association (EFTA) and Member States of the of the Co-operation Council for the Arab State of the Gulf (GCC) entered into force on 1 July 2014.
Under the agreement, EFTA States abolish all customs duties on imports of products originating from GCC States. GCC States abolish customs duties on most imports from EFTA states aside from certain products which will be duty free 5 years after the date of entry into force, and certain products that are excluded from the agreement or prohibited from import.
The delayed, excluded and prohibited products are listed in Annex VI to the agreement.
Click the following link for the full EFTA GCC Free Trade Agreement.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.