This law ratifies Decision No. 1/2023 of the Joint Committee of the Pan-Euro-Mediterranean Convention dated December 7, 2023, which amends the rules for determining the origin of goods in trade between the convention’s participating countries. The structure of the law is simple and consists of two articles: the first article directly ratifies the Joint Committee’s decision, the second defines the procedure for the law’s entry into force – from the day following its publication.
The key significance of this law lies in its allowance to apply updated rules for determining the origin of goods in customs relations with the convention’s participating countries. This is important for exporters and importers, as it affects the possibility of applying preferential customs rates in trade with countries in the region.
