Annex 2 of the Rules of Origin Protocol in the Uk-Turkey Agreement Text

As a professional, I understand the importance of providing valuable and informative content to readers. In this article, we will be discussing Annex 2 of the Rules of Origin Protocol in the UK-Turkey Agreement text.

Firstly, let`s understand what the Rules of Origin (ROO) are. In international trade, ROO are a set of criteria that determine the country of origin of a product. The criteria are used to determine whether a product is eligible for preferential treatment under a specific trade agreement.

Now, let`s dive into Annex 2 of the ROO in the UK-Turkey Agreement text. This annex outlines the specific rules for determining the origin of goods traded between the UK and Turkey. It provides guidance on the different methods used to determine the origin, including the tariff shift method and the regional value content method.

The tariff shift method requires that the product undergoes a change in its tariff classification. For example, if a product is classified as a textile, but after processing, it is classified as a garment, then the garment classification will determine the origin of the product.

The regional value content method requires that a certain percentage of the product`s value be derived from the countries involved in the trade agreement. For example, if a product is manufactured in Turkey, then a certain percentage of the materials used in the manufacturing process must be from Turkey or the UK.

It`s important to note that Annex 2 also provides guidance on how to calculate the percentage of regional value content, as well as specific rules for determining the origin of specific products, such as textiles and footwear.

In conclusion, Annex 2 of the Rules of Origin Protocol in the UK-Turkey Agreement text provides critical guidance on how to determine the origin of goods traded between the two countries. By understanding the specific methods and rules provided in this annex, businesses can ensure compliance with the trade agreement and receive preferential treatment for their products.