Summary
Yaoundé Convention: an agreement of association between the European Economic Community and eighteen African developing countries giving them a range of trade and economic benefits. It was concluded on 20 July 1963 and superseded in 1975 by the Lomé Convention. See also ACP–EC Partnership Agreement.
Yarn forward rule: a rule of origin in NAFTA and other free-trade agreements (FTAs) concluded by the United States. It says that yarns, threads, cordage, twine and similar products are deemed to originate in the country where they are spun from their constituent fibres, or, in the case of synthetic filaments produced by extrusion, in the country where they are extruded. This means, in the case of free-trade agreements, that the yarns for the component conferring the essential character of a garment must originate within one of the FTA partners to qualify for preferential treatment. See also fabric forward rule and fibre-forward rule.
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- Dictionary of Trade Policy Terms , pp. 490Publisher: Cambridge University PressPrint publication year: 2007