Korea-Us Free Trade Agreement Certificate Of Origin

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In addition to the rules of origin mentioned above, there may be other ways to qualify your product: although there is no form required for the certificate of origin, the minimum elements to include are: 6. the information that describes and shows how the product comes from; Open-form certification can be used by Korean manufacturers and exporters and U.S. importers as an alternative to original certification when they invoke compliance with the Korea Free Trade Agreement. The Korea Free Trade Agreement (KORUS) came into force on March 15, 2012. Most Korean industrial and consumer products currently arrive in the United States duty-free and the Goods Processing Tax (MPF) and this figure will exceed 95% by 2016. For information on customs procedures of 2016.export.gov/FTA/index.asp import from Korea, CBP has created a website and email address: www.cbp.gov/trade/free-trade-agreements/korea and fta@dhs.gov. When you establish a certificate of origin for the importer, you must maintain it with all registrations and documentation relating to the origin of the goods for a period of at least five years from the date of importation. The ESTV uses an original «knowledge-based» certification system. This means that an exporter, producer or importer can provide a certificate certifying that a product is from the ESTV to support an importer`s request for preferential tariff treatment. A right may also be based on an importer`s own knowledge that goods are a base of origin. If you have completed a certificate of origin but cannot prove the original character of the goods, you must inform all recipients of this certificate and the export country. The importing country or importer may need additional information beyond these specifics, and the Korean Customs Service has established an optional form. Please note that the Korean Customs Service does not impose a specific certificate of origin in accordance with KORUS and does not impose a form or format required for the certificate of origin.

U.S. exporters or producers should be informed that, as long as you provide the necessary elements to obtain certification, you do not need to use the korean Customs Certificate or a mandatory Korean government form, although you are free to do so.

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