EU: Rules of origin measures under pan-Euro-Mediterranean region trade agreements

EU: Rules of origin measures

The European Commission (EC) today announced that the EU Council adopted a package of 21 decisions to increase trade between the European Union (EU) and neighbouring countries in the pan-Euro-Mediterranean region.

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According to the EC release, action on these decisions means that the EU and 20 trading partners in the region will update their free trade agreement by modernising the rules of origin, to make them more flexible and business-friendly.

The target date for the adoption of these amendments and their entry into force is 1 September 2021.

The new rules will apply alongside those of the Regional Convention on pan-Euro-Mediterranean preferential rules of origin (PEM Convention), pending review of the convention that is currently under way.

The EC in 2021 will promote the new rules that will be intended to contribute to the recovery of the regional economies of the participating countries.


For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich | (312) 665-1022 | dzuvich@kpmg.com

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