Adoption of New Pan Euro-Mediterranean Convention for Preferential Origin Communication

• The Pan Euro-Mediterranean (PEM) Joint Committee has approved new rules of origin to promote trade between the European Union and neighboring countries.
• The revised rules will be applicable from January 1, 2025.
• The new convention replaces the current convention from February 26, 2013.
• The new rules apply to the 24 contracting parties of the PEM convention.
• The PEM Joint Committee has also agreed to develop the use of electronic certification of origin (EUR.1) to simplify customs procedures.

Source: finances.belgium.be

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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