Attachment
United Kingdom
DRAFT
DECISION No …/… OF THE JOINT COMMITTEE
of …
on the amendment of the Regional Convention on pan-Euro-Mediterranean preferential rules of origin
THE JOINT COMMITTEE,
Having regard to the Regional Convention on pan-Euro-Mediterranean preferential rules of origin, and in particular to point (a) of Article 4(3) thereof,
Whereas:
(1)
The Regional Convention on pan-Euro-Mediterranean preferential rules of origin (the ‘Convention’) was signed in Brussels on 15 June 2011 and entered into force on 1 January 2012.
(2)
The pan-Euro-Mediterranean system of cumulation of origin is made up of a network of free trade agreements. It provides for a multilateral framework of identical rules of origin allowing for diagonal cumulation which applies without prejudice to the principles laid down in the relevant agreements.
(3)
It is acknowledged in the Convention that the rules of origin will need to be amended in order to better respond to the economic reality.
(4)
The Contracting Parties to the Convention agreed on the amendment of the Convention in order to provide for a new set of modernised and more flexible rules of origin.
(5)
The Convention should therefore be amended accordingly,
HAS ADOPTED THIS DECISION:
Done at …,
For the Joint Committee
The Chair