New EFTA FTA Monitor edition published with extended coverage

This enables economic operators, policymakers and the general public to examine in detail the extent to which companies make use of EFTA’s FTAs and where the largest untapped potential for additional tariff savings lies. The first FTA Monitor was published in 2021, and its initial coverage was limited to third-country partners. Since then, the Monitor has expanded to cover EFTA-internal trade. This latest edition extends the coverage by including two new reports: bilateral trade with the EU Member States and the United Kingdom. In addition, the FTA Monitor is expanding the analysis to six years (2018–2023) with the inclusion of the 2023 data.

The FTA Monitor helps stakeholders by providing detailed information on duty-free trade flows, achieved versus non-achieved tariff savings, and the scope for improving the use of any specific FTA at the level of individual products. It also allows comparisons of preference utilisation rates over time as well as across trading partners and product groups.

In the report with third-country partners, 20 trade partners are covered on EFTA’s export side. On the import side, the Monitor further features all of EFTA’s 40 FTA partners with agreements in force in 2023.

The EFTA FTA Monitor is available on a dedicated webpage on the EFTA website.