REVIEW OF EU TRADE AGREEMENTS

Types of agreements:

1. Customs Unions - eliminate customs duties in bilateral trade & establish a joint customs tariff for foreign importers.
2. Association Agreements, Stabilisation Agreements, (Deep and Comprehensive) Free Trade Agreements and (Interim) Economic Partnership Agreements - remove or reduce customs tariffs in bilateral trade.
3. Partnership and Cooperation Agreements - provide a general framework for bilateral economic relation without eliminating or reducing customs tariffs.

Agreements in Place

Europe

1. Albania- Stabilisation and Association Agreement, 22 May 2006
2. Andorra- Customs Union, 1 July 1991
3. Bosnia and Herzegovina- Stabilisation and Association Agreement, 1 June 2015
4. Faroe Islands- Agreement, 1 January 1997
5. Georgia- Association Agreement, 1 July 2016
6. Iceland- Agreement, 1 April 1973
7. Kosovo- Stabilisation and Association Agreement, 1 April 2016
8. The former Yugoslav Republic of Macedonia- Stabilisation and Association Agreement, 1 April 2004
9. Moldova- Association Agreement, 1 July 2016
10. Montenegro- Stabilisation and Association Agreement, 29 April 2010
11. Norway-Agreement, 1 July 1973
12. Russia- Partnership and Cooperation Agreement, 1 December 1997
13. San Marino- Customs Union, 1 December 1992
14. Serbia- Stabilisation and Association Agreement, 1 September 2013
15. Switzerland- Agreement, 1 January 1973
16. Turkey- Customs Union, 30 December 1995
17. Ukraine- Deep and Comprehensive Free Trade Agrement, 1 January 2016/Association Agreement, 29 May 2014

Mediterranean

1. Algeria- Association Agreement, 1 September 2005
2. Egypt- Association Agreement, 1 June 2004
3. Israel- Association Agreement, 1 June 2000
4. Jordan- Association Agreement, 1 May 2002
5. Lebanon- Interim Agreement, 1 March 2003
6. Morocco- Association Agreement, 1 March 2000
7. Palestinian Authority- Association Agreement, 1 July 1997
8. Syria- Co-operation Agreement, 1 July 1977
9. Tunisia- Association Agreement, 1 March 1998

Other Countries

1. Armenia- Partnership and Cooperation Agreement, entered into force on 9 September 1999
2. Azerbaijan- Partnership and Cooperation Agreement, entered into force on 17 September 1999
3. Cameroon- Interim Economic Partnership Agreement, signed on 28 February 2009
4. CARIFORUM States- Economic Partnership Agreement, Provisionally applied
5. Central America- Association Agreement with a strong trade component, signed on 29 June 2012
6. Chile- Association Agreement and Additional Protocol, 1 March 2005
7. Colombia and Peru- Trade Agreement, signed on 26 July 1012
8. Iraq- Partnership and Cooperation Agreement, signed on 11 May 2012
9. Ivory Coast- Economic Partnership Agreement provisionally applied, 3 September 2016
10. Kazakhstan- Enhanced Partnership and Cooperation Agreement, 30 April 2016
11. Madagascar, Mauritius, the Seychelles, and Zimbabwe- Economic Partnership Agreement signed in August 2009
12.  Mexico- Economic Partnership, Political Coordination and Cooperation Agreement, 1 July 2000
13. Papua New Guinea and Fiji- Interim Partnership Agreement ratified by Papua New Guinea in May 2011
14. South Africa- Interim Trade, development and Co-operation Agreement, 1 January 2000
15. South Korea- Free Trade Agreement, signed on 6 October 2010, entered into force on 13 December 2015

Finalised Agreements Not Yet Applied

1. Canada- Comprehensive  Economic and Trade Agreement (CETA), negotiations ended on 26 September 2014. There are three stages towards the deal’s ratification and coming into force: The Council makes its decision on a consensus basis. Every country needs to sign on. After the European Council gives its approval, members of the European Parliament will vote in late 2016 or early 2017 and all Member States will go through national ratification procedures. Legal opinions advanced by the Commission suggest that most of the Agreement- perhaps as much as 95 per cent falls comfortably within the EU’s jurisdiction and could be provisionally applied.
2. East African Countries (EAC)- Interim Economic Partnership Agreement, end of negotiations, 16 October 2014
3. Ecuador- Trade Agreement, legal revision ended, 17 February 2015
4. Singapore- Free Trade Agreements, initialed on 17 October 2014. The Agreement now awaits an opinion of the European Court of Justice (ECJ) to clarify on the EU competence to sign and ratify the FTA. The Commission is seeking to clarify which of the Agreement’s provision are within the EU’s exclusive competence and which must be approved by Member States. Project timeline of activities: 2017- FTA will be initialed and signed by both Singapore an the EU. 2017/2018- FTA will be presented to the European Parliament for ratification. 2018/2019- FTA enters into force.
5. Southern African Development Community (SADC)- Economic Partnership Agreement, signed on 10 June 2016
6. Vietnam- Free Trade Agreement, negotiations concluded on 1 February 2016.  Ratification is expected in early 2017, with the FTA planned to come into effect by 2018.
7. West Africa- Economic Partnership Agreement, initialed in February 2014