| Author (Corporate) | European Union |
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| Series Title | Official Journal of the European Union |
| Series Details | L 54 |
| Publication Date | 26/02/2013 |
| Content Type | Legislation |
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Summary: Convention consolidating and integrating all protocols relating to the origin of goods traded under relevant Agreements concluded between the Contracting Parties. Further information: The pan-Euro-Mediterranean system of cumulation of origin is made up of a multiplicity of agreements, setting out inter alia free trade provisions based on a network of identical rules of origin allowing for diagonal cumulation, among the countries of the zone. Since its implementation, the difficulties with the management of the current system of individual protocols have increased. Any amendment to a protocol applicable between two partner countries of the pan-Euro-Mediterranean zone implies identical amendments to each and every protocol applicable within the zone. At the Euro-Med Trade Ministerial Conference in Lisbon in October 2007, Ministers agreed to start the drafting of a single convention on preferential rules of origin for the pan-Euro-Mediterranean area in order to replace the exisiting network of protocols. The Commission took an active part in the process, with a view to drawing up the draft text of the Convention in the framework of the Pan-Euro-Med Working Group. The final draft was discussed and agreed upon by this Group in October 2009. The text of the Convention was endorsed by the Euromed Trade Ministers at their December 2009 Conference in Brussels. In April 2010 the Commission presented proposals for the signing and conclusion of the Convention. The signing was approved on 14 April 2011 by Council Decision 2013/93/EU and the conclusion was approved on 26 March 2012 by Council Decision 2013/94/EU. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2013.054.01.0003.01.ENG#L_2013054EN.01000401 |
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| Subject Categories | Trade |
| Subject Tags | External Trade | Trade Agreements |
| International Organisations | European Union [EU] |
