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 8601-8607

EU-Faroe Islands Agreement · Origen de las mercancías

1 reglesTolerance: 10%1997

To qualify for the EU-Faroe Islands preferential rate on HS 8601-8607, products must satisfy the origin rule of type maximum non-originating materials (MaxNOM). A tolerance of 10% of the ex-works value applies.

8601-8607Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds

MaxNOM

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

40% ex-works

Datos comerciales UE (COMEXT)

ene 2022 – mar 2026

Analisis completo

La UE importó 237 M€ (ene 2022 – mar 2026) para este código SA, siendo South Korea el principal proveedor.

Importaciones UE

237 M€

Exportaciones UE

781 M€

Saldo

544 M€

Principales paises proveedores (extra-UE)

1.South Korea

45%107 M€

2.Switzerland

33%77 M€

3.Norway

13%30 M€

4.China

5%12 M€

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