QVC 40 definition
QVC 40 or “QVC 50” respectively means that the good has a qualifying value content, calculated using the formula set out in Article 3.4, of not less than 40 percent or
QVC 40 means that the good has a qualifying value content, calculated using the formula set out in Article 3.5 (Rules of Origin - Calculation of Qualifying Value Content), of not less than 40 per cent, and the last process of production of the good has been performed in the exporting Party;