Origin of Goods (CO: Certificate of Origin) is the country or territory where the whole of the goods or where the final basic processing of the goods in In cases where many countries or territories participate in the production of such goods.
The purpose of origin of goods
1- To determine whether imported products enjoy tax incentives: Origin of goods related to the import tariff calculation, namely the application of tariffs (preferential tariffs, or taxes Customs procedures (if the goods come from the countries in the group, the procedure may be simple, if the goods coming from outside the group can be examined, more thorough examination. ). Trade policies of nations and regional trade agreements sometimes discriminate. Identification of the origin of the goods makes it possible to distinguish between the preferential imports for preferential treatment under special trade agreements and the non-preferential ones. For example, when it comes to a product originating in country A, the importing country can immediately determine the specific attitude towards the imported goods, which may be very simple or may be subject to inspection. Supervision is very complex.
This is also directly related to the determination of import tariffs and the application of different tariffs to the exporting country. If country A is entitled to preferential tariff treatment from the importing country for export goods under preferential agreements, the importing country shall have to apply lower or preferential tax rates to exported products. Origin from the exporting country.
2 - To establish measures and tools of trade policy itself;
Determining the origin of goods is also useful in the implementation of a country's trade policy or a specific water or water block. In cases where a country's goods are dumped in another country, the determination of origin makes anti-dumping actions and the application of anti-subsidy tax possible.
3 - The purpose of a country's trade statistics: Determining the origin of goods is essential for the collection of trade statistics. Determining the origin makes it easier to compile annual trade statistics. Thus, determining the origin of goods is an important indicator for quality assessment, which is a tool for implementing trade policy in bilateral and multilateral relations of countries. Under current conditions, as the accession of regional and world economic and trade links becomes a trend, a pressing need to maintain and strengthen trade relations, the identification of origin The goods are more important
In addition, the origin of goods is one of the important indicators to evaluate the quality of goods, especially raw and specialty products. The origin of goods helps us to visualize the origin, home country, place of manufacture of goods, from which we can see or evaluate the quality of the goods. This has been attested in many countries, such as France, people think of the country of red wine extracted from the vast grape fields, or Brazil, people think of the home of Coffee with world famous quality. As such, the determination of origin of goods is one of the important criteria for assessing the quality of goods.
Maika Trading Invest Co., Ltd. Advises on the type of C / O to be submitted, preparing documents for C / O; Customs clearance, customs clearance.