Certificate of Origin: "Passport" in International trade
In the broad stage OF international trade, CERTIFICATE OF ORIGIN plays a crucial role, it is not only the proof of the identity of goods, but also the protection of the rights and interests of both sides of the trade. This article will give you an in-depth understanding of the definition, role, application process and importance of Certificates of Origin.
Definition of Certificate of origin
Certificate of origin, as the name suggests, is an official document issued by a specific body of the exporting country (such as a government, a chamber of commerce or a notary) to prove that the exported goods originated in a particular country (or region). This certificate is not only the official proof of the "birthplace" of the goods, but also an indispensable and important certificate in international trade.
The role of Certificates of origin
Trade certificate: The certificate of origin is the effective certificate for the transfer of goods, settlement of payment for goods, settlement of claims, acceptance of customs clearance in the importing country, and collection of tariffs. It ensures that both sides of the trade have a clear understanding of the origin of the goods and reduces trade disputes arising from disputes over origin.
Tariff preference: Under the framework of free trade agreements (FTAs), holders of certificates of origin in specific formats can enjoy preferential treatment such as tariff reduction. For exporters, this means lower export costs and higher market competitiveness.
Trade policy basis: Certificate of origin is also a certificate for exporting countries to enjoy quota treatment and importing countries to implement different trade policies for different exporting countries. It reflects the complex relations in international trade and provides important basis for governments to formulate and adjust trade policies.
Legal protection: Certificate of origin has a specific legal effect and economic utility, is an important tool to safeguard the legitimate rights and interests of both sides of the trade. In the event of a trade dispute, the certificate of origin can be used as legal evidence to support the claims of the relevant parties.
Application process for Certificate of Origin
Registration: The applicant shall go through the registration formalities with the local institution, submit the business license, foreign trade right documents and other relevant materials.
Application submission: Before the goods are shipped, the applicant shall submit to the visa authority the application for Certificate of origin, export commercial invoice, cost list of products containing imported ingredients and other necessary documents.
Review and issue: the visa authority will review the application materials and issue the certificate of origin after confirming that they are correct. The certificate shall be made in multiple copies. The original shall be submitted to the applicant and the duplicate shall be filed by the visa authority for future reference.
Follow-up treatment: If the issued certificate is lost or damaged, the applicant can apply for re-issue or change of the certificate within the validity period. At the same time, for goods containing imported ingredients, it is necessary to truthfully fill in additional materials such as the cost list of the processing process.
The importance of Certificate of Origin
Certificate of origin plays an irreplaceable role in international trade. It not only simplifies customs clearance procedures, reduces trade costs, but also promotes the facilitation and liberalization of international trade. At the same time, through the implementation of certificate of origin, governments can implement trade policies more effectively and maintain market order and fair competition.
In short, the certificate of origin is the "passport" in international trade, which witnesses the birthplace of goods, protects the rights and interests of both sides of the trade, and promotes the prosperity and development of international trade.
In the future international trade, certificates of origin will continue to play an important role, contributing to the sustained economic growth of various countries and the prosperity of global trade.
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