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OFFICIAL JOURNAL OF THE EUROPEAN UNION

EUROPEAN UNION

EUROPEAN COMMISSION

EUROPEAN COUNCIL

Size : 5981 pages

Code : #ECFIN

DECISION 199/2023 establishing a Free Trade Agreement between the European Union and the United States of Paramerica -

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TREATY OF FREE TRADE BETWEEN

THE EUROPEAN UNION on one hand

AND

THE UNITED STATES OF PARAMERICA on the other hand

and

THE FEDERAL REPUBLIC OF GERMANY

THE REPUBLIC OF FRANCE

THE UNITED KINGDOM OF GREAT BRITAIN AND IRELAND

THE EMPIRE OF IBERIA

THE EMPIRE OF ITALY

THE KINGDOMS OF DENMAR-NORWAY

THE REPUBLIC OF TURKEY

THE REPUBLIC OF UKRAINE

THE KINGDOM OF SWEDEN

THE STATE OF FINLAND

THE REPUBLIC OF AUSTRIA

THE REPUBLIC OF CROATIA

THE REPUBLIC OF POLAND

THE KINGDOM OF NETHERLANDS

THE DUCHE OF LUXEMBOURG

THE KINGDOM OF BELGIUM

THE FEDERATION OF THE BALTICS

THE REPUBLIC OF BULGARIA

THE REPUBLIC OF ROMANIA

to

FURTHER strengthen their close economic relationship and build upon their respective rights and obligations under the Marrakesh Agreement Establishing the World Trade Organization, done on 15 April 1994, and other multilateral and bilateral instruments of cooperation;

REMINDING of the beginning of negotiations of the 12th july 2003

CREATE an expanded and secure market for their goods and services through the reduction or elimination of barriers to trade and investment;

ESTABLISH the largest free trade area of the world accounting to 49% of world trade

REAFFIRMING their commitment to promote sustainable development and the development of international trade in such a way as to contribute to sustainable development in its economic, social and environmental dimensions;

MAINTAINING a high level of protection in special areas whereby the interests of both parties are protected

HAVE AGREED AS FOLLOWS

Article 3

The Parties hereby establish a free trade area in conformity with Article XXIV of GATT 1994 and Article V of the GATS. The Parties affirm their rights and obligations with respect to each other under the WTO Agreement and other agreements to which they are party.

Article 6

The Parties shall progressively liberalise trade in goods in accordance with the provisions of this Agreement over a transitional period starting from the entry into force of this Agreement.

Article 7

This Chapter applies to trade in goods of a Party, as defined in Chapter 1 (General Definitions and Initial Provisions), except as otherwise provided in this Agreement.

Article 9

Each Party shall reduce or eliminate customs duties on goods originating in either Party in accordance with the tariff elimination schedules in Annex 2-A. For the purposes of this Chapter, “originating” means originating in either Party under the rules of origin set out in the Protocol on Rules of Origin and Origin Procedures.

Article 9-1

A Party may not adopt or maintain any duties, taxes or other fees and charges imposed on, or in connection with, the export of a good to the other Party, or any internal taxes or fees and charges on a good exported to the other Party, that is in excess of those that would be imposed on those goods when destined for internal sale

Article 9-2

Upon the entry into force of this Agreement a Party may not increase a customs duty existing at entry into force, or adopt a new customs duty, on a good originating in the Parties.

Article 11

Except as otherwise provided in this Agreement, a Party shall not adopt or maintain any prohibition or restriction on the importation of any good of the other Party or on the exportation or sale for export of any good destined for the territory of the other Party, except in accordance with Article XI of the GATT 1994