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Is the EU – Pacific States Interim Economic Partnership Agreement about to cover Nieue, Tonga and Tuvalu islands too? Compliance and business opportunites
The EU – Pacific States Interim Economic Partnership Agreement is a free trade which, currently, covers from a side the European Union from the other one Papua New Guinea, Fiji, Samoa, Solomon Islands. The EU grants 100% duty-free and quota-free access to all imports coming from Pacific EPA countries. The access to the EU market is permanent, full and free to all products. Pacific EPA countries phase out duties partially and gradually as follows The preferential treatment under this EPA requires The compliance of the good with the principle of direct transport for which the preferential treatment applies only to products which are transported directly between a Pacific State and…
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PEM an update
One of the more important FTA of the EU is, of course, the Pan-Euro-Mediterranean (PEM) Convention on preferential rules of origin. This agreement established: a) a common framework of rules of origin; b) cumulation. It involves from a side the EU and from the other one the following PEM Contracting parties: the EU, Switzerland, Norway, Iceland, Liechtestein, Egypt, Tunisia, Algeria, Morocco, Israel, Palestinian Authority of the West Bank and the Gaza Strip, Syria, Lebanon, Jordan, Türkiye, the Faroe Islands, the Republic of Moldova, Georgia, Ukraine, Serbia, Montenegro, Bosnia Herzegovina, North Macedonia, Albania. On 7 December 2023, the PEM Joint Committee adopted the new and modernised rules of origin that aims…