The Treaty on reciprocal trade between EU and other Mediterranean states, EFTA States (Norway, Iceland, Switzerland, and Liechtenstein) and the Faroe Islands, the so-called PEM Convention, which aims to facilitate trade between them, inter alia, by a system of recognition of the origin of goods, was modified again in September 2021. Some new or updated rules for determining the origin of goods when using components of a traded product originating in third countries apply. If you need more information about the PEM convention, do not hesitate to contact us.