What is the preferential origin rule for HS 66 under the Regional Convention on Pan-Euro-Mediterranean Preferential Rules of Origin (PEM Convention)?

PEM Convention - HS 66

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

3 rules

6601Umbrellas and sun umbrellas (including walking-stick umbrellas, garden umbrellas and similar umbrellas)

CTH

Manufacture from materials of any heading, except that of the product

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