| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2016) 261 final (17.5.16) |
| Publication Date | 17/05/2016 |
| Content Type | Policy-making |
|
The Agreement establishing an Association between the European Union and its Member States, on the one hand, and Central America, on the other, was signed in Tegucigalpa, Honduras on 29 June 2012 and has been provisionally applied from 2013. One of its aims is to progressively liberalise trade in goods between the Parties through eliminating customs duties. To achieve this aim it is necessary to determine the goods originating in each Party. Annex II to the Association Agreement sets out the definition of the concept of "originating products" and methods of administrative cooperation. The list of working or processing required to be carried out on non-originating materials in order that the product manufactured can obtain originating status is set out in Appendix 2 to Annex II. These product-specific rules are based on a Harmonised System (HS) 2007 of classification of goods which is now outdated. Central America and the European Union have agreed to update the product-specific rules by aligning them to the HS 2012, this being the most up-to-date classification. The aim is to ensure that the product-specific rules remain unchanged for those products that have been reclassified within the HS 2012. |
|
| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2016:261:FIN |
| Related Links |
|
| Countries / Regions | Europe, South America |
