Certificate Of Origin Korea-Us Free Trade Agreement

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Although there is no form required for the certificate of origin, there are basic data elements that must be included and a certificate of origin has been made available, containing these elements. The U.S.-Korea Free Trade Agreement (KORUS) came 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, travel goods, paper products, scientific equipment and transportation and transportation equipment. Other benefits of the free trade agreement include strengthening the protection and enforcement of intellectual property rights in Korea and increasing access to the $580 billion market for highly competitive U.S. companies. For information on customs procedures imported from Korea, CBP has created a website and email address: www.cbp.gov/trade/free-trade-agreements/korea and fta@dhs.gov. When an exporter or producer presents a certificate relating to the original character of the products, it must keep all necessary documentation that the goods were produced at least five years after the certificate was issued. 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. If the Korean Customs Service asks you to use a particular form, please contact the Office of Trade Agreements Negotiations and Compliance.

Although there is no original certification form, the minimum elements to be included are: the Korean 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. Information for U.S. exporters can be accessed through the Department of Commerce at: 2016.export.gov/FTA/index.asp – The free trade agreement uses a „knowledge-based“ original 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. Any right to preferences under Korea`s free trade agreement must be supported by a certificate of origin attesting to the origin status of the imported product. This link contains a PDF model that shows how to structure such a certificate of origin. The model can be filled in and users can use it. Its use or respect for its structure is by no means mandatory.