WTO | Regional trade agreements

Basic InformationWTO Consideration ProcessRTA ProvisionsTrade-related data

Agreement name:	Iceland - Faeroe Islands
Coverage:	Goods & Services	Type:	Free Trade Agreement & Economic Integration Agreement
Status:	In Force	Notification under:	GATT Art. XXIV & GATS Art. V
Date of signature:	31-Aug-2005	Date of notification:	10-Jul-2008
Date of entry into force:	01-Nov-2006	End of implementation period:	2006
Current signatories:	Faeroe Islands; Iceland
Original signatories:	Faeroe Islands; Iceland
RTA Composition:	Bilateral
Region:	Europe
All Parties WTO members?	No	Cross-Regional:	No

Official Web Address

Iceland, Ministry for Foreign Affairs

Text of the agreement

Text of the agreement	E

Annexes & related documents

Annexes	E

Consideration status (G):	Factual Presentation issued	Consideration status (S):	Factual Presentation issued
Date of Consideration (G):	03-Apr-2017	Date of Consideration (S):	03-Apr-2017

Related documents

Document series: WT/REG243

Document type	Symbol	Language
Notification (G)	WT/REG243/N/1	E F S
Notification (S)	S/C/N/465	E F S
Factual Presentation (G&S)	WT/REG243/1	E F S
Questions and Replies	WT/REG243/2	E F S
Note on the Meeting of the CRTA	WT/REG243/M/1	E F S

Document type	Language
Factual Presentation (G & S)	E F S

RTA Provisions Glossary

For details on these provisions, please consult the Glossary.

Last modified on: 01/12/2017

Topics
	All tariffs eliminated at end of implementation by at least one Party
	All quantitative import restrictions prohibited
	Rules of Origin (RoO)
		Change of Tariff Classification Criteria (CTC)
		Regional Value Content Criteria (RVC)
		Other Criteria(s)
		De minimis rules
		Outward-processing allowed
		Cumulation among Parties
		Cumulation with non-Parties permitted
	All Export Duties and Charges prohibited
	All Export restrictions, including quantitative restrictions, prohibited
	Sanitary and Phytosanitary measures (SPS)
	Safeguard Mechanisms (Goods)
		Special safeguard in Agriculture
	Anti-Dumping measures
		Specifically reaffirms or incorporates WTO Agreement on Anti-Dumping
	Subsidies (Goods)
	MFN Clause/Preferences extended from other RTAs (Goods)
	Sector-specific chapter/section or other legal instrument (Goods)


	Services
		Negative list (Services)
		MFN provision (Services)
	Investment Liberalization Provisions
		National Treatment with regard to the entry of investment (establishment)
		Investment liberalization
	Provisions on capital transfers
	Mutual Recognition
	Movement of Natural Persons
	General Exceptions
	Accession
		Accession open to all third parties
	Government procurement
	Competition
	Provisions on designated monopolies or State Owned Enterprises (SOEs)
	Environment

Document title
Iceland
Faroe Islands
Iceland - Faroe Islands (Services)