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free trade agreement between the efta states and the republic of serbia

free trade agreement between the efta states and the republic of serbia

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- 4 -participant in <strong>the</strong> Euro-Mediterranean partnership, based on <strong>the</strong> Barcelona Declarationadopted at <strong>the</strong> Euro-Mediterranean Conference held on 27 <strong>and</strong> 28 November 1995 4 ,o<strong>the</strong>r than Turkey, provided that <strong>the</strong> working or processing carried out in an EFTA Stategoes beyond <strong>the</strong> operations referred to in Article 7. It shall not be necessary that suchmaterials have undergone sufficient working or processing.4. Where <strong>the</strong> working or processing carried out in an EFTA State does not gobeyond <strong>the</strong> operations referred to in Article 7, <strong>the</strong> product obtained shall be consideredas originating in <strong>the</strong> EFTA State concerned only where <strong>the</strong> value added <strong>the</strong>re is greaterthan <strong>the</strong> value <strong>of</strong> <strong>the</strong> materials used that are originating in any one <strong>of</strong> <strong>the</strong> o<strong>the</strong>r countriesreferred to in paragraphs 1 to 3. If this is not so, <strong>the</strong> product obtained shall beconsidered as originating in <strong>the</strong> country which accounts for <strong>the</strong> highest value <strong>of</strong>originating materials used in <strong>the</strong> manufacture in <strong>the</strong> EFTA State concerned.5. Products originating in one <strong>of</strong> <strong>the</strong> countries referred to in paragraphs 1 to 3,which do not undergo any working or processing in <strong>the</strong> EFTA State concerned, retain<strong>the</strong>ir origin if exported into one <strong>of</strong> <strong>the</strong>se countries.6. The cumulation provided for in this Article may only be applied provided that:(a)(b)(c)a preferential <strong>trade</strong> <strong>agreement</strong> in accordance with Article XXIV <strong>of</strong> <strong>the</strong>GATT 1994 is applicable <strong>between</strong> <strong>the</strong> countries involved in <strong>the</strong>acquisition <strong>of</strong> <strong>the</strong> originating status <strong>and</strong> <strong>the</strong> country <strong>of</strong> destination;materials <strong>and</strong> products have acquired originating status by <strong>the</strong>application <strong>of</strong> rules <strong>of</strong> origin identical to those given in this Protocol; <strong>and</strong>notices indicating <strong>the</strong> fulfilment <strong>of</strong> <strong>the</strong> necessary requirements to applycumulation have been published in <strong>the</strong> EFTA States <strong>and</strong> in Serbia.The cumulation provided for in this Article shall apply from <strong>the</strong> date agreed by <strong>the</strong>Parties concerned <strong>and</strong> indicated in <strong>the</strong> notice published in <strong>the</strong> respective <strong>of</strong>ficialgazettes.The EFTA States shall provide Serbia, through <strong>the</strong> EFTA Secretariat, with details <strong>of</strong> <strong>the</strong><strong>agreement</strong>s, including <strong>the</strong>ir dates <strong>of</strong> entry into force, <strong>and</strong> <strong>the</strong>ir corresponding rules <strong>of</strong>origin, which are applied with <strong>the</strong> o<strong>the</strong>r countries referred to in paragraphs 1, 2 <strong>and</strong> 3.Article 4Cumulation in Serbia1. Without prejudice to <strong>the</strong> provisions <strong>of</strong> paragraph 2 <strong>of</strong> Article 2, products shall beconsidered as originating in Serbia if such products are obtained <strong>the</strong>re, incorporating4A list <strong>of</strong> <strong>the</strong> countries participating in <strong>the</strong> Euro-Mediterranean partnership can be found atAppendix 5.

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