Articles
The impact of the Turkish-Israeli trade crisis on the region
Recently, trade relations between Türkiye and Israel have been shaky. Although Türkiye and Israel have had a free trade agreement for many years, Türkiye announced that it would stop all trade … with Israel, to which Israel responded that it intended to abolish the free trade agreement and also impose additional 100% tariffs on imports from Türkiye. This crisis will not only affect the two parties, but possibly also EU traders.
Omer Wagner
The impact of the Turkish-Israeli trade crisis on the region
Recently, trade relations between Türkiye and Israel have been shaky. Although Türkiye and Israel have had a free trade agreement for many years, Türkiye announced that it would stop all trade with Israel, to which Israel responded that it intended to abolish the free trade agreement and also impose additional 100% tariffs on imports from Türkiye. This crisis will not only affect the two parties, but possibly also EU traders.
Omer Wagner
Six months until the new PEM rules of origin enter into force
The new, revised Pan European Mediterranean (PEM) rules of origin will enter into force on 1 January 2025 for all parties of the PEM Convention. Traders importing and exporting within the PEM … origin cumulation zone will be able to use the new, more business-friendly and flexible rules. Even when trading with countries that have not opted to use transitional rules.
Dr Anna Jerzewska
Six months until the new PEM rules of origin enter into force
The new, revised Pan European Mediterranean (PEM) rules of origin will enter into force on 1 January 2025 for all parties of the PEM Convention. Traders importing and exporting within the PEM origin cumulation zone will be able to use the new, more business-friendly and flexible rules. Even when trading with countries that have not opted to use transitional rules.
Dr Anna Jerzewska
Origin of goods – the trends
The language of sustainable development legislation and the language of the legislation of origin are completely different; it is necessary to find a lingua franca for these areas to better understand … and implement the requirements. On the other hand, harmonisation of rules of origin at a global level is essential to address the challenges faced by importers - the need for harmonisation of these rules has never been greater. These and many other views were exchanged at the 20th Authors' Meeting. We invite you to read an overview.
Origin of goods – the trends
The language of sustainable development legislation and the language of the legislation of origin are completely different; it is necessary to find a lingua franca for these areas to better understand and implement the requirements. On the other hand, harmonisation of rules of origin at a global level is essential to address the challenges faced by importers - the need for harmonisation of these rules has never been greater. These and many other views were exchanged at the 20th Authors' Meeting. We invite you to read an overview.
EU FTAs: Is EU fully utilising benefits?
The EU has concluded more than 40 free trade agreements (FTAs) with around 80 countries, which supposedly bring significant benefits for trade with partner countries. But is this really the case, … i.e. is the EU fully utilising these benefits? This article attempts to assess the application of EU FTAs by analysing the flow of goods in and out of the main trading partners. The author looks at how import and export volumes and geography depend on the existence of preferential agreements.
Assoc Prof Dr Momchil Antov
EU FTAs: Is EU fully utilising benefits?
The EU has concluded more than 40 free trade agreements (FTAs) with around 80 countries, which supposedly bring significant benefits for trade with partner countries. But is this really the case, i.e. is the EU fully utilising these benefits? This article attempts to assess the application of EU FTAs by analysing the flow of goods in and out of the main trading partners. The author looks at how import and export volumes and geography depend on the existence of preferential agreements.
Assoc Prof Dr Momchil Antov
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Glossary
Rules of preferential origin
Rules of preferential origin are an essential element of preferential trade agreements. They define the conditions under which a product is regarded as originating and can benefit from lower … rates of duty upon importation in the country of destination.
Importer's knowledge to claim preferential treatment
‘Importer’s knowledge’ allows the importer to claim preferential tariff treatment based on evidence they have obtained about the originating status of imported products. This evidence must be … in the importer’s possession, be in form of supporting documents or records which may be provided by the exporter or producer and provide evidence that the product qualifies as originating.
Importer's knowledge to claim preferential treatment
‘Importer’s knowledge’ allows the importer to claim preferential tariff treatment based on evidence they have obtained about the originating status of imported products. This evidence must be in the importer’s possession, be in form of supporting documents or records which may be provided by the exporter or producer and provide evidence that the product qualifies as originating.
Origin criterion: change in tariff classification
Product-specific rules (PSRs) of preferential origin are the requirements for a product, which incorporates non-originating materials, to be originating in a country. PSRs are created based on … origin criteria. One criterion is a change in tariff classification (examples of other criteria: a production process, a maximum value or weight of non-originating materials). It means that any non-originating material used in the production of the product must be classified in a chapter, heading or subheading1 other than that of the product.
Muita UAB
Origin criterion: change in tariff classification
Product-specific rules (PSRs) of preferential origin are the requirements for a product, which incorporates non-originating materials, to be originating in a country. PSRs are created based on origin criteria. One criterion is a change in tariff classification (examples of other criteria: a production process, a maximum value or weight of non-originating materials). It means that any non-originating material used in the production of the product must be classified in a chapter, heading or subheading1 other than that of the product.
Muita UAB