A convention of origin will give all Contracting Parties the same rules of origin.
The Regional Convention on pan-Euro-Mediterranean preferential rules of origin, also known as the PEM Convention, will subsequently replace the origination protocols of each free trade agreement in force between the Contracting Parties.
The following countries and groupings are Contracting Parties to the PEM Convention:
The individual EFTA states (Norway, Iceland, Liechtenstein and Switzerland), EC, Albania, Algergia, Bosnia and Herzegovina, Egypt, Faroe Islands, Georgia, Israel, Jordan, Lebanon, Kosovo, Morocco, Moldova, Montenegro, North Macedonia, Serbia, Syria, Tunisia, Turkey, Ukraine and Palestine.
EFTA has free trade agreements with all countries except Algeria, Moldova, Kosovo and Syria.
The PEM Convention has so far been implemented for:
Montenegro - EFTA
Bosnia and Herzegovina - EFTA
The EFTA Convention
EC - Norway
Serbia - EFTA
Revised rules of origin
A new set of revised rules of origin has been negotiated, but is not yet formally decided upon. In order to speed up the process, most of the PEM-members have agreed upon implementing these rules bilaterally as an optional alternative to todays rules. The rules will be valid for these countries in the future:
• Bosnia and Herzegovina
• Faroe Islands
• North Macedonia