Regional Convention on Pan-Euro-Mediterranean Preferential Rules of Origin (PEM Convention) · Origin of Goods
To qualify for the PEM Convention preferential rate on HS 3501, products must satisfy the origin rule of type change of tariff heading (CTH).
Manufacture from materials of any heading, except that of the product; materials of the same heading may be used provided their total value does not exceed 20% of the ex-works price of the product
Manufacture in which the value of all materials used does not exceed 40% of the ex-works price of the product
40% EXWThe EU imported 423 M€ (Jan 2022 – Mar 2026) for this HS code, with New Zealand as the main supplier.
EU Imports
423 M€
EU Exports
3.3 Md€
Balance
2.9 Md€
Top supplying countries (extra-EU)