What the FTA changes for buyers and suppliers
- Tariff cuts on 90%+ of tariff lines, to be phased in over 5-7 years once ratified. Many lines will hit zero on day one.
- Rules of origin will determine eligibility. Goods must be wholly obtained, sufficiently transformed, or meet value-add thresholds.
- Origin certificates (EUR.1 or origin declaration on the invoice) will prove eligibility at EU customs.
- Services and procurement chapters will open IT services, financial services, and government procurement.