Common use of Sufficiently worked or processed products Clause in Contracts

Sufficiently worked or processed products. 1. For the purposes of Article 2, products covered by this Agreement as listed in Annexes I and II, which are not wholly obtained are considered to be sufficiently worked or processed when the conditions set out in the list in Appendix II are fulfilled.2 2. Goods which are not covered by this Agreement as listed in Annexes I and II, but which are incorporated into a good that is covered by this Agreement, are considered to be sufficiently worked or processed if: (a) these goods are manufactured from materials or products of any heading, except that of the good, or (b) the value of all non-originating materials or products used does not exceed 40% of the price of the good.