Common use of Not Wholly Obtained or Produced Goods Clause in Contracts

Not Wholly Obtained or Produced Goods. 1. A good shall be deemed to be originating if: (a) not less than 40 per cent of its content originates from the country a Party; or (b) the total value of the materials, parts or produce originating from outside of the territory of the country of a Party does not exceed 60 per cent of the FOB value of the good so produced or obtained; or (c) the final good undergoes a change of tariff heading, where the Harmonized System classification of the final good is different from the Harmonized System classification of all non-originating or undetermined materials used in the production of such final good. For the purposes of this subparagraph, “change of tariff heading” means a change in tariff classification at the four digit level of the Harmonized System.

Appears in 4 contracts

Samples: Closer Economic Partnership Agreement, Comprehensive Free Trade Agreement, Closer Economic Partnership Agreement

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