Pan-European Cumulation Area

Pan-European Cumulation Area in Global Commerce Policy

In this regard, pan-european cumulation area is: a scheme established on 1 January 1997 under which goods consisting of components made in more than one participating country are treated in the same way as domestically produced goods. The Area consists of the European Community, EFTA, the Central European Free Trade Area, the Baltic states and Bulgaria. Manufactures qualify for the scheme if 60% or more of their value originates within the Area, but this rises to 100% for agricultural products. See also preferential rules of origin.[1]

Pan-European Cumulation Areain the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Pan-European Cumulation Area” entry (OAS)

See Also