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United States Korea Free Trade Agreement Certificate Of Origin

In Uncategorized on October 13, 2021 at 5:23 am

In addition to the rules of origin mentioned above, there may be other ways to qualify your product: Advice: certification can only be issued by the exporter, manufacturer or importer; Third-party certificates (for example. B Chamber of Commerce) are not accepted. (6) information describing and demonstrating the origin of the product; • The USTR website contains various product and industry-specific fact sheets and Q&As, and we have created a website and email address to respond to your requests: www.ustr.gov/uskoreaFTA and KORUS@ustr.eop.gov. Korea FTA Text: The full text of the agreement. If you have completed a certificate of origin but are unable to prove the originating status of the goods listed therein, you must inform all consignees and the exporting country. Licences may be issued on the basis of the manufacturer`s or exporter`s knowledge that the product is originating; or, for the exporter, appropriate confidence in the manufacturer`s written or electronic attestation that the good is originating. If you issue a certificate of origin for the importer, you must keep it for a period of at least five years after the date of importation, as well as all records and supporting documents relating to the origin of the goods. The United States-Korea Free Trade Agreement (KORUS) entered into force on March 15, 2012. On the day of its implementation, nearly 80% of U.S. exports of industrial goods to Korea were exempt from tariffs, including aerospace equipment, agricultural equipment, auto parts, construction products, chemicals, consumer products, electrical equipment, environmental goods, travel goods, paper products, scientific equipment, shipping and transport equipment. Other benefits of the free trade agreement are the protection and enforcement of intellectual property rights in Korea and improved access to the $580 billion Korean services market for highly competitive U.S. companies. Any application for preferences under the Korean Free Trade Agreement must be supported by a certificate of origin attesting to the originating status of the imported product.

This link offers a PDF template that shows how to structure such a certificate of origin….