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Feed/NLE2016/0328(NLE)Foreign Affairs

The cumulation of origin between the EU, the Swiss Confederation, Norway and Turkey in the framework of the Generalised System of Preferences of the EU

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 92mo ago
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This agreement establishes rules for 'cumulation of origin' between the EU, Switzerland, Norway, and Turkey. This means that materials from these countries can be treated as originating in the exporting country when calculating tariffs under the EU's Generalised System of Preferences (GSP), facilitating smoother trade with developing nations.

This affects exporters and importers of goods moving between these four regions and developing countries, reducing trade barriers and simplifying customs procedures for businesses.