EU-Canada Comprehensive Economic and Trade Agreement (CETA)

EU-Canada Comprehensive Economic and Trade Agreement (CETA)
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Total Pages :
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ISBN-10 : 9276225765
ISBN-13 : 9789276225768
Rating : 4/5 (768 Downloads)

Book Synopsis EU-Canada Comprehensive Economic and Trade Agreement (CETA) by :

Download or read book EU-Canada Comprehensive Economic and Trade Agreement (CETA) written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A product is originating if it has been wholly obtained within the meaning of Article 4, has been produced from only originating materials or has undergone sufficient production on nonoriginating materials within the meaning of Article 5. As long as the production is more than "insufficient" (according to Article 7), a product has undergone sufficient production (according to Article 5) when the conditions in Annex 5 are fulfilled. These conditions and rules are called Product Specific Rules (PSR) or list rules. The list rules specify what type of working or processing is required to be carried out on nonoriginating materials in order for the product to obtain originating status. The more commonly used and known list rules are a change in tariff classification e.g. change of tariff heading (CTH), change of tariff sub-heading (CTSH) etc., value added of nonoriginating materials or a specific processing which must be undertaken. In CETA the name and description of the list rules are different to those in other EU free trade agreements. This document provides guidance on how to interpret the list rules in CETA by providing the following information: (1) the list rule in CETA; (2) a short explanation of the list rule together with an example in CETA of a product by Harmonised System (HS) where the rule applies; (3) a comparison to the same type of rule referred to in other Free Trade Agreements (FTA), e.g. PEM convention. In the introductory notes to Annex 5 definitions and descriptions are provided.


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