What is the preferential origin rule for HS 92 under the Regional Convention on Pan-Euro-Mediterranean Preferential Rules of Origin (PEM Convention)?

PEM Convention - HS 92

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

7 rules

9201Pianos, including automatic pianos; harpsichords and other keyboard stringed instruments

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