Glossary search results for "Y" (151)
List of terms in glossary:
EU trade policy works externally on two complementary levels: multilateral and bilateral. The “multilateral” level refers to the system of trading rules agreed by all WTO member countries.
Provision under preferential trade arrangements related to the transport of originating goods from one party's territory to another. If, for any reason, the goods pass through or stop over in a country that is neither the partner country nor an EU country, the provision allows for the splitting of consignments in a third country and some other operations provided that the goods remain under customs supervision in the country of transit.
Materials, that do not qualify as originating under an EU preferential trade arrangement including materials whose origin is unknown or not possible to determine.
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Products that do not fulfil rules of origin set by a given preferential trade arrangement, therefore cannot benefit from the preferential duty rates of that trade arrangement.
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The official publication of record for the European Union. EU legislation can only become legally binding once it has been published in the Official Journal.
Designates the “economic nationality” of the goods and shall not to be confused with "provenance". A good's origin determines what duties, measures, equivalent taxes, quantitative restrictions and obligations apply.
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Originating means fulfilling all applicable rules of origin in an EU preferential trade arrangement. These are (i) wholly obtained or produced products, or (ii) products that fulfil the product specific rules. Products produced exclusively from these originating materials are also considered originating. See also non-originating materials.
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Materials that are originating in a party to a certain preferential trade arrangement because they meet rules of origin set out in that preferential trade arrangement. See also ‘Originating status’.
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Products that are originating in a party to a trade arrangement because they meet rules of origin set by a given preferential trade arrangement, and therefore can benefit from the preferential duty rates of that preferential trade arrangement. See also ‘Originating status’.
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In the framework of a trade agreement, products have originating status in a partner country if they are (i) wholly obtained or produced products, or (ii) products that fulfill the product specific rules. Products produced exclusively from these originating materials are also considered originating.