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Summary of Treaty


GENERAL DATA
Official Title Regional Convention on pan-Euro-Mediterranean preferential rules of origin
Type of Agreement Multilateral
Place of Signature Brussels
Date of Signature 15/06/2011
Date of Entry Into Force 01/05/2012
Duration Indefinite
Objective of Agreement

The main objective of a single regional convention is to move towards the application of identical rules of origin for the purpose of cumulation of origin for goods traded between all Contracting Parties.

Remarks

The pan-Euro-Mediterranean cumulation zone includes the European Union, the EFTA States (Iceland, Norway, Switzerland, Liechtenstein), the participants in the Barcelona Process (Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Syria, Tunisia, Turkey, Palestine) and the Faroe Islands. This convention includes into the zone the participants in the Stabilization and Association Process (Albania, Bosnia and Herzegovina, Croatia, the former Yugoslav Republic of Macedonia, Montenegro and Serbia, as well as Kosovo under UNSC Resolution 1244/99).

The pan-Euro-Mediterranean system of cumulation of origin is made up of a multiplicity of agreements, setting out i.a. free trade provisions based on a network of identical rules of origin allowing for diagonal cumulation, among the countries of the zone. The multiplicity of protocols on the rules of origin caused considerable difficulties in the management of the system, thus, the European Commission launched the idea to base the diagonal cumulation of origin on a single legal instrument in the form of a regional convention on preferential rules of origin to which the individual free trade agreements applicable between the countries of the zone would refer.

The Convention allows for a more effective management of the system of pan-Euro-Mediterranean cumulation, thus facilitating the procedure for amendments to the rules of origin. It further establishes a Joint Committee empowered to amend its provisions and to decide of any future accession.

OJ Reference L54, 26/02/2013, p. 4
Depositary Council of the European Union
Contracting Parties European Union, Albania, Algeria, Bosnia and Herzegovina, Croatia, Egypt, Faeroes, Former Yugoslav Republic of Macedonia, Iceland, Israel, Jordan, Kosovo* This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence, Lebanon, Liechtenstein, Montenegro, Morocco, Norway, Occupied Palestinian Territory, Serbia, Switzerland, Syria, Tunisia, Turkey
Subject Matters Trade
Clause(s)
Accession Article 5 Convention
Amendment and review Article 4 (3) Convention
Entry into force conditions Article 10 Convention
Exchange of information Article 7 Convention
Suspension / Termination Article 9 Convention
Territorial application Article 1 (3) Convention
Management Joint Committee (Article 3)
EU PARTICIPATION
Date of Signature 26/03/2012
Ratification Status R
Conclusion Decision Council Decision of 26 March 2012 on the conclusion of the Regional Convention on pan-Euro-Mediterranean preferential rules of origin; OJ L54 of 26/02/2013, p.3
Date of Entry Into Force 01/05/2012
Competence Exclusive
Voting Right(s)
Other: consensus, no provision Article 3 (2) Convention
Legal Basis Treaty FEU: Article 207 (4)


Last Update :   15/04/2015