June 21, 2021
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Rules of preferential origin

Photo by Munro Studio on Unsplash

Rules of preferential origin

Rules of preferential origin are an essential element of preferential trade agreements and unilateral preferences granted to developing countries. They define the conditions under which a product is regarded as originating and can benefit from lower rates of duty upon importation in the country of destination. 

Conditions

The conditions under which a product is regarded as originating are based on origin criteria, procedural provisions, and consignment criteria, see the picture below.