What Does the Rules of Origin under the Asean Trade in Goods Agreement Mean

With the introduction of the ACS and the increasing harmonization of regional standards, the importance of regional supply chains cannot be overemphasized. Continued progress in regional integration is expected to continue these trends, further reduce trade barriers and reduce the impact of regulatory compliance on businesses in the region. While ASEAN`s prospects are promising, success will ultimately depend on the ability of new entrants to understand and seize the opportunities offered by agreements such as the ASEAN Agreement on Trade in Goods. Employed by skilled professionals with years of experience in market entry and business creation, Dezan Shira & Associates is perfectly positioned to support companies in their efforts to maximize their operations and grow throughout the region. The origin of accessories, spare parts, educational tools and materials or other information materials supplied with the products will not be taken into account when determining the origin of the products, provided that such accessories, spare parts, educational tools and materials or other information materials – verify the eligibility of your products for tariff concessions – for example, whether or not the goods comply with the rule of origin of the free trade agreement. (vii) the information on the consecutive AIFTA Certificate of Origin shall include the name of the Party that issued the original AIFTA Certificate of Origin, the date of issue and the reference number; and “materials” means raw materials, ingredients, parts, components, sub-assemblies or goods that are physically incorporated into another product or that undergo a manufacturing process of another product; Regional value content (TRC) is the percentage of a product`s content from a region. If we take the example of Figure 1, the content coming from the country of production or from countries party to the free trade agreement, such as the essence of aroma . B in Singapore, is considered the original material. (b) The original exporting Party, the intermediate Party and the importing Party shall cooperate in the review. The copy of the AIFTA certificate of origin issued by the exporting Party of origin shall be returned to the customs authority of the importing Party if the latter so requests during the verification process. (vi) the product remains under the customs control of the intermediate party, including its free trade areas and customs-approved customs territories; the product is not placed on the market or consumed in the intermediary; 2.CONDITIONS: In order to benefit from the preferential tariff under AIFTA, goods shipped to the Contracting Parties listed above are considered to be originating products within the meaning of the CTC rule and do not have the same HS classification as the final product. Manufacturers and exporters must be familiar with the HS classification of the final product and non-originating raw materials in order to use this method. 2.

Each Party shall make available, through the ASEAN Secretariat, 11 original sets of original signatures or electronically samples of signatures and samples of official seals used by its issuing authorities, including their names and addresses, for transmission to the other Parties. Any change of name, address, specimen signature or official seal shall be notified without delay in the same manner or by electronic means. (iv) the retroactive control procedure, including the procedure itself and the determination of the origin or otherwise of the product concerned, should be completed and the result communicated to the issuing authority within six months. During the retroactive control procedure, point (iii) shall be applied. For the purposes of the application of the rules, the following operational certification procedures shall be followed for the issuance and verification of the AIFTA Certificate of Origin and other related administrative matters: 10. (a) The AIFTA certificate of origin shall be issued by the issuing authority of the exporting Party at the time of export or within three working days of the date of dispatch if the goods to be exported are the products originating in that Party can be considered within the meaning of those provisions. 10.EXPOSURES: In cases where goods from the territory of the exporting Party are shipped to another country for display and sold for import into the territory of a Party during or after the exhibition, box 13 “Exhibitions” (√) shall be checked in accordance with point 21 of the company`s certification procedures and the name and address of the exhibition shall be indicated in box 2. (iii) In case of reasonable doubt as to the authenticity or accuracy of the document, the customs authority of the importing Party may suspend the preferential tariff treatment until the result of the control is available. However, it may return the goods to the importer, subject to such administrative measures as may be deemed necessary, provided that they are not subject to an import ban or restriction and that there is no suspicion of fraud; and in exercising the powers conferred by Article 5(1) of the Customs Tariff Act 1975 (51 of 1975), the central government adopts the following rules, namely: – In addition, the agreement aims to remove a major obstacle to the growth of electronic commerce in the region, namely the lack of access to online payment methods27. . .