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 7603, products must satisfy the origin rule of type change of tariff heading (CTH).
Manufacture from materials of any heading, except that of the product
Manufacture in which the value of all non-originating materials used does not exceed 50% of the ex-works price of the product
50% ex-worksThe EU imported 328 M€ (Jan 2022 – Mar 2026) for this HS code, with Russia as the main supplier.
EU Imports
328 M€
EU Exports
414 M€
Balance
86 M€
Top supplying countries (extra-EU)