Glossary search results for "X" (98)
List of terms in glossary:
Operations regarded as too minor to confer originating status to non-originating materials that are used in the production. All preferential rules of origin contain an article defining such operations. These are e.g. simple mixing, simple assembly of parts, and ironing of textiles. On the other hand, insufficient operations are important for cumulation as they set the minimal level of processing that has to be carried out and impact the allocation of origin to the product.
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VAT and other duties applicable to a given product inside the country concerned.
Detailed explanations accompanying the product specific rules of each preferential trade arrangement of the EU. They can be found in the Protocol/Chapter on rules of origin, right before the product specific rules.
The invoice declaration (also called origin declaration) is filled by the exporter concerning the origin of a product, on the basis of certain commercial documents. The objective of this declaration is to prove that the product is originating in a certain country, under the terms of a certain preferential trade arrangement. The name of the document differs depending on the preferential trade arrangement.
Provision that allows imported raw materials or semi-manufactured goods to be processed for re-export within the community, by community manufacturers, without manufacturers having to pay customs duty and VAT on the goods being used.
Least developed countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development. They are highly vulnerable to economic and environmental shocks and have low levels of human assets. There are currently 47 countries on the list of LDCs which is reviewed every three years. LDCs have exclusive access to certain international support measures, in particular in the areas of development assistance and trade.
A rules of origin requirement established by trade agreements and WTO rules, that sets a maximum percentage of materials which are not originating in the country of export and ce be used within a good that qualifies as originating.
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South American trade bloc established by the Treaty of Asunción in 1991 and The Protocol of Ouro Preto in 1994.
Its full members are
- Argentina
- Brazil
- Paraguay
- Uruguay
Venezuela is a full member as well but has been suspended since December 1, 2016.
Associate countries are
- Bolivia
- Chile
- Colombia
- Ecuador
- Guyana
- Peru
- Suriname
Observer countries are New Zealand and Mexico. The bloc has reduced tariffs on trade between those countries by up to 90%.
Minimal operations are operations regarded as too minor to ever confer originating status, whether carried out individually or in combination. All preferential origin rules contain an article defining the working or processing which is insufficient to confer originating status. This applies even if the product satisfies the list rule. On the other hand, when determining origin within a cumulation system, any working or processing carried out must exceed the above-mentioned minimal operations but does not necessarily need to satisfy the relevant list rule for the arrangement.
The principle of not discriminating between one’s trading partners, i.e. all are granted "most favoured nation treatment". Under WTO rules, an advantage negotiated with one country must be extended to all trading partners who are WTO members.