Ex-works price (origin)
Also called: EXW price
In EU-style origin rules, the price paid for the product to the manufacturer in whose undertaking the last working or processing was carried out, including the value of all materials used and minus internal taxes refunded on export. It is the reference for value-based rules limiting non-originating materials.
In practice
Using the commercial selling price instead of the true ex-works price can distort percentage calculations in either direction.
EU
Türkiye
UKRelated terms
- Non-originating materials
- Materials used in production that do not qualify as originating, including inputs from third countries and inputs of undetermined origin.…
- Product-specific rules of origin
- The rules listed by HS chapter or heading in an annex to a trade agreement that state what processing is needed for a product to originate. Typical…
- Regional value content
- An origin criterion requiring that a minimum share of a product's value come from the free trade area, calculated with methods such as transaction…
- EXW
- The Incoterms rule placing the least obligation on the seller: goods are made available at the seller's premises and the buyer arranges loading,…