What is the tolerance threshold under the EU-Faroe Islands?

The general tolerance is 10% of the ex-works value of the finished product.

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EU-Faroe Islands - HS 7224

EU-Faroe Islands Agreement · Origen de las mercancías

2 reglesTolerance: 10%1997

To qualify for the EU-Faroe Islands preferential rate on HS 7224, products must satisfy the origin rule of type specific processing (SP). A tolerance of 10% of the ex-works value applies. 2 specific rules apply to this code under this agreement.

7224Semi-finished products, flat-rolled products, hot-rolled bars and rods, in irregularly wound coils; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel

Manufacture from ingots or other primary forms of heading 7206, heading 7218 or heading 7224.

7224Any other product from heading 7224

CTH

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

Datos comerciales UE (COMEXT)

ene 2022 – mar 2026

Analisis completo

La UE importó 1.4 Md€ (ene 2022 – mar 2026) para este código SA, siendo Turkey el principal proveedor.

Importaciones UE

1.4 Md€

Exportaciones UE

1.6 Md€

Saldo

180 M€

Principales paises proveedores (extra-UE)

1.Turkey

22%298 M€

2.Russia

20%273 M€

3.China

18%247 M€

4.Brazil

7%94 M€

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