A government proposal to simplify post-Brexit trade by joining a key European convention is facing scrutiny, with a parliamentary report warning of hidden costs and operational complexities for British firms.
The proposal centres on the Pan-Euro-Mediterranean (PEM) convention, a pact designed to simplify the complex 'rules of origin'—the criteria that determine whether a product can be labelled 'Made in the UK.' Supporters see it as a straightforward way to slash red tape and boost exports.
