EU-Faroe Islands Free Trade Agreement

The Faroe Islands' trade relations with the EU are governed by the EU-Faroe Islands Free Trade Agreement. The Agreement is a first-generation agreement which entered into force in 1997, focusing on tariff liberalisation for goods.

The EU is the Faroe Islands’ largest trading partner by far, followed by Russia, the UK, China and Norway. The Faroe Islands are included in the EU’s Arctic Policy, where the EU is committed to investing in the future of people living in the Arctic, stimulating better education, sustainable growth and jobs.

Rules of origin

In order to qualify for preferential treatment (lower or no Customs duty), your product needs to comply with certain rules that define its origin, the rules of origin, which are laid down in the Pan-Euro-Mediterranean Convention

 

Please check the interactive “Rules of Origin Self Assessment tool (ROSA)” in My Trade Assistant to assess whether your product fulfils the rules of origin and find out how to prepare the correct documents. More information available on how to use ROSA

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Frequently asked questions

  1. When the tariff refers to weight, is it gross weight or net weight?
  2. How can I find the import duty that applies to my product?
  3. If I want to sell my product in several EU countries, are there import duties to pay each time my product enters a different country?
  4. Can I get a list of products charged at 0% import duty?
  5. Are excise duties applied at EU or at national level?
  6. How is VAT charged in the EU?
  7. How can I get approval to export fish to the EU?
  8. Does food exported to the EU have to come from an EU-authorised establishment?
  9. Do I have to pay to use My Trade Assistant for Services and Investment?
  10. In which languages in My Trade Assistant for Services and Investment available?