What is the tolerance threshold under the EU-Faroe Islands?

The general tolerance is 10% of the ex-works value of the finished product.

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EU-Faroe Islands - HS 8709

EU-Faroe Islands Agreement · Origin of Goods

1 rulesTolerance: 10%1997

To qualify for the EU-Faroe Islands preferential rate on HS 8709, products must satisfy the origin rule of type MaxNOM + CTH. A tolerance of 10% of the ex-works value applies.

8709Works trucks, self-propelled, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for short distance transport of goods; tractors of the type used on railway station platforms; parts of the foregoing vehicles

MaxNOM + CTH

Manufacture: - from materials of any heading, except that of the product, and - in which the value of all the materials used does not exceed 40% of the ex-works price of the product.

40% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 30% of the ex-works price of the product.

30% ex-works

MaxNOM + CTH

Manufacture: - from materials of any heading, except that of the product, and - in which the value of all the materials used does not exceed 40% of the ex-works price of the product.

40% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 30% of the ex-works price of the product.

30% ex-works

EU Trade Data (COMEXT)

Jan 2022 – Mar 2026

Full analysis

The EU imported 367 M€ (Jan 2022 – Mar 2026) for this HS code, with China as the main supplier.

EU Imports

367 M€

EU Exports

1.6 Md€

Balance

1.2 Md€

Top supplying countries (extra-EU)

1.China

29%108 M€

2.United States

20%74 M€

3.United Kingdom

15%57 M€

4.South Korea

6%22 M€

MaxNOM + CTH

Manufacture: - from materials of any heading, except that of the product, and - in which the value of all the materials used does not exceed 40% of the ex-works price of the product.

40% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 30% of the ex-works price of the product.

30% ex-works

MaxNOM + CTH

Manufacture: - from materials of any heading, except that of the product, and - in which the value of all the materials used does not exceed 40% of the ex-works price of the product.

40% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 30% of the ex-works price of the product.

30% ex-works

EU Trade Data (COMEXT)

Jan 2022 – Mar 2026

Full analysis

The EU imported 367 M€ (Jan 2022 – Mar 2026) for this HS code, with China as the main supplier.

EU Imports

367 M€

EU Exports

1.6 Md€

Balance

1.2 Md€

Top supplying countries (extra-EU)

1.China

29%108 M€

2.United States

20%74 M€

3.United Kingdom

15%57 M€

4.South Korea

6%22 M€

EU Trade Data (COMEXT)

Related pages

EU Trade Data (COMEXT)