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ABOUT THE AUTHOR

Konrad Häuptli graduated from the University of Berne, qualified as an attorney-at-law and was admitted to the Bar of the Canton of Berne. He joined HSBC in 2002 after working with Swiss Re for over 20 years. He then went on to work for KENDRIS in 2016 after retiring as former CEO of HSBC’s Trust Companies in Switzerland. Konrad Häuptli is a member of the Advisory Board of the Swiss Association of Trust Companies (SATC) and is also a member of mixed expert groups representing SATC. He has been managing family assets and has been involved in entrepreneurial activities, board assignments as well as private equity investments.
Rules of Origin under the Revised PEM Convention

k-flash audio commentRules of Origin under the Revised PEM Convention

The case

The revised Pan-Euro-Mediterranean (PEM) Convention entered into force on 1 January 2025, and applies automatically to all free trade agreements (FTAs) that contain a dynamic reference to the PEM Convention.

The commentary

During a transitional period from 1 January 2025 to 31 December 2025, economic operators could apply either the rules of origin under the revised PEM Convention or the rules of origin under the former PEM Convention.

As of 1 January 2026, only the rules of origin of the revised PEM Convention apply to FTAs containing a dynamic reference to the PEM Convention.

As of 5 December 2025, this applies to the following FTAs of Switzerland / EFTA: Link

This publication has been prepared solely for information purposes and is does not constitute a recommendation, a solicitation, or an offer. The information on which this publication is based has been obtained from sources that we believe to be reliable and in good faith, but we have not independently verified such information and no representation or warranty, express or implied, is made as to its accuracy. All expressions of opinion are made as of the date of publication and may be subject to change without notice. k-flash and all related affiliates accepts no liability or responsibility whatsoever for any consequential loss of any kind arising out of the use of this publication or any part of its contents. The use of this publication should not be regarded as a substitute for the exercise by the recipient of his or her own judgment. This publication is not directed to any person in any jurisdictions that prohibit such publication.
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