FTA

FTA

FTA Country of Origin FTA Country of Origin

What is the country of origin?

  • It means the nationality of the item produced.
    Ex.) It means the country in which an animal or a plant has been grown. It means the country in which an industrial product has been manufactured and processed.

The reason why the country of origin is important in the FTA trade system

  • In essence, FTA is the agreement between both countries providing the tariff preferences only for the FTA concluding countries. Hence, It is important to certify the country of origin of a product.

In FTA

  • FTA strictly specifies the requirements to decide the FTA country of origin so that only the product meeting the requirements to decide the FTA country of origin out of the products produced in the agreement parties is provided with the benefit of reducing or abolishing the import tariff.

The Country-of-Origin Approved Exporter System

  • In case of getting the certification of the country of origin according to the voluntary application of an exporter in the system of the issuance by an agency, the submission of the documents required to issue the certificate of the country of origin can be omitted with the evaluation simplified right after the application for three years -> the system reducing time and cost

Approved exporter of each item

  • Target : The requirements of the exporter of the product produced in the country of origin of each item out of the exporters not meeting the requirements of the approved exporter of each company
  • Requirements
    • Whether the requirements of the country of origin of each item are met
    • Designating and operation the person in charge of managing the country of origin
    • The duty of keeping information
    • The duty of providing the documents verifying the country of origin for cooperation