Revised PEM rules of origin
Also called: transitional PEM rules · revised PEM Convention
The modernised set of origin rules under the Pan-Euro-Mediterranean Convention, which introduced more flexible product rules, higher tolerance, full cumulation and duty drawback in many cases. They replaced the transitional rules that partners had applied bilaterally while the convention amendment was being adopted.
In practice
Exporters in the PEM zone should check which rule set applies with each partner and adjust proofs of origin and supplier declarations accordingly.
EU
Türkiye
UKRelated terms
- Pan-Euro-Mediterranean Convention
- A regional convention that brings together common preferential rules of origin for the EU, EFTA, Türkiye, the Western Balkans, Ukraine, Moldova,…
- Cumulation of origin
- A rule that lets materials originating in a partner country, or in other countries linked by the same rules, be treated as originating in the country…
- Tolerance rule
- A rule allowing a limited amount of non-originating materials that do not meet the product-specific rule to be used without losing origin, typically…
- No-drawback rule
- A provision in some trade agreements forbidding refund or non-payment of duty on non-originating materials used to make goods that are then exported…