What is the preferential origin rule for HS 64 under the Regional Convention on Pan-Euro-Mediterranean Preferential Rules of Origin (PEM Convention)?

PEM Convention - HS 64

Regional Convention on Pan-Euro-Mediterranean Preferential Rules of Origin (PEM Convention)

6 rules

6401Waterproof footwear with outer soles and uppers of rubber or of plastics

Manufacture from materials of any heading, except from assemblies of uppers affixed to inner soles or to other sole components of heading 6406

OR - alternative rule

MaxNOM

Manufacture in which the value of all non-originating materials used does not exceed 40% of the ex-works price of the product

40% ex-works