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International Trade vocabulary · Trade Documents

EUR.1

Meaning in international trade, with examples

nounCommon term

In international trade, EUR.1 means: A movement certificate that proves the preferential origin of goods so they can enter a partner country at a reduced or zero duty under a trade agreement.

In Turkish: EUR.1 dolaşım belgesi, EUR.1 belgesi

How it is used

Filled in by the exporter and endorsed by the customs authorities of the exporting country. In trade between Turkey and the EU it is used mainly for agricultural and steel products, while industrial goods move with the A.TR. For small shipments an origin declaration on the invoice can replace it.

Example sentences

  1. The buyer in Morocco needs an EUR.1 to benefit from zero duty.

  2. Customs refused the EUR.1 because box 8 did not match the invoice.

Common collocations

  • EUR.1 movement certificate
  • issue an EUR.1
  • endorse an EUR.1
  • EUR.1 issued retrospectively
  • A.TRA movement certificate used in trade between Turkey and the EU to show that industrial goods are in free circulation in the customs union, so no customs duty is charged.
  • certificate of originAn official document stating in which country the goods were produced, used by customs to apply the right duty rate and trade rules.
  • rules of originThe criteria used to decide which country a product comes from, especially when it contains materials or work from several countries.
  • free trade agreementAn agreement between two or more countries to remove or reduce customs duties and other barriers on most of the goods traded between them.
  • preferential tariffA lower customs duty rate, sometimes zero, given to goods from certain countries under a trade agreement or a development programme.

More terms: Trade Documents

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