NEW: 'Certificate of Origin' Not Needed for Cambodian Exports
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NEW: 'Certificate of Origin' Not Needed for Cambodian Exports
January 1, 2019
CO forms not needed for export unless required in destination
Local exporters are not required to produce a certificate of origin (CO) at Cambodian customs if the document is not required by authorities in the destination country.
The exemption is part of a directive issued by the Ministry of Commerce and the Ministry of Economy and Finance this week.
If the CO is not presented, however, exporters must send a notification letter with the details of the shipment to the Ministry of Commerce 30 days before the goods are exported. The information will be used for statistical analysis, the directive said.
It also calls on exporters selling goods under the European Union’s Everything-but-arms (EBA) scheme or the Generalised System of Preferences of Norway, Switzerland and Turkey to apply to be included in the Registered Exporter System (REX). Starting today, registering with REX will allow companies to ship goods abroad using a statement of origin instead of the ‘form A’ of the certificate of origin, according to the directive.
The REX system is based on the principle of self-certification. By joining the system, companies become ‘registered exporters’, which allows them to issue their own statements of origin.
“Registration with REX will reduce costs and save time for exporters. Accordingly, the ministries call on all companies that export to the EU under the EBA scheme, or to New Zealand, Switzerland, and Turkey under the GSP scheme, to register with REX,” the directive read.
Chan Pich, general manager of Signatures of Asia, told Khmer Times that his company is already preparing an application to join REX.
“I am happy that the government released this directive as it will help exporters,” Mr Pich said.
Companies that wish to join REX must meet several requirements. They must be registered as a company in Cambodia, and they must not be filing for bankruptcy or be included in the government’s blacklist at the time of application. Exported goods must meet CO requirements.
Registration with REX will be free-of-charge until June 30, 2020, according to the directive.
https://www.khmertimeskh.com/50564622/c ... stination/
CO forms not needed for export unless required in destination
Local exporters are not required to produce a certificate of origin (CO) at Cambodian customs if the document is not required by authorities in the destination country.
The exemption is part of a directive issued by the Ministry of Commerce and the Ministry of Economy and Finance this week.
If the CO is not presented, however, exporters must send a notification letter with the details of the shipment to the Ministry of Commerce 30 days before the goods are exported. The information will be used for statistical analysis, the directive said.
It also calls on exporters selling goods under the European Union’s Everything-but-arms (EBA) scheme or the Generalised System of Preferences of Norway, Switzerland and Turkey to apply to be included in the Registered Exporter System (REX). Starting today, registering with REX will allow companies to ship goods abroad using a statement of origin instead of the ‘form A’ of the certificate of origin, according to the directive.
The REX system is based on the principle of self-certification. By joining the system, companies become ‘registered exporters’, which allows them to issue their own statements of origin.
“Registration with REX will reduce costs and save time for exporters. Accordingly, the ministries call on all companies that export to the EU under the EBA scheme, or to New Zealand, Switzerland, and Turkey under the GSP scheme, to register with REX,” the directive read.
Chan Pich, general manager of Signatures of Asia, told Khmer Times that his company is already preparing an application to join REX.
“I am happy that the government released this directive as it will help exporters,” Mr Pich said.
Companies that wish to join REX must meet several requirements. They must be registered as a company in Cambodia, and they must not be filing for bankruptcy or be included in the government’s blacklist at the time of application. Exported goods must meet CO requirements.
Registration with REX will be free-of-charge until June 30, 2020, according to the directive.
https://www.khmertimeskh.com/50564622/c ... stination/
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Re: NEW: 'Certificate of Origin' Not Needed for Cambodian Exports
DPRK will love this
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Re: NEW: 'Certificate of Origin' Not Needed for Cambodian Exports
Ministry to lose $60M a year in revenue
21 January 2019 | 09:00 ICT
The Ministry of Commerce will lose $60 million in revenue annually after the government eliminated export procedures in a campaign to boost competitiveness, a senior official at the ministry has said.
Speaking at a press conference on Friday regarding the EU’s decision to impose safeguard measures on Cambodian rice, the ministry’s secretary of state Sok Sopheak said a series of government decisions to eliminate export procedures would help lower costs for businesses and rice exporters.
Sopheak said the November 2017 decision to eliminate export management fees from last year resulted in an annual revenue loss of $20 million.
He said last month’s decision not to require exporters to apply for a certificate of origin (CO) would yield in a $10 million revenue loss while the most recent decision to relieve Camcontrol from its inspection duties at border checkpoints will cause a further $30 million loss.
“[The revenue lost] from the reformation will help all types of businesses to conduct commerce as well as help the Cambodian rice industry,” he said.
https://www.phnompenhpost.com/business/ ... ar-revenue
21 January 2019 | 09:00 ICT
The Ministry of Commerce will lose $60 million in revenue annually after the government eliminated export procedures in a campaign to boost competitiveness, a senior official at the ministry has said.
Speaking at a press conference on Friday regarding the EU’s decision to impose safeguard measures on Cambodian rice, the ministry’s secretary of state Sok Sopheak said a series of government decisions to eliminate export procedures would help lower costs for businesses and rice exporters.
Sopheak said the November 2017 decision to eliminate export management fees from last year resulted in an annual revenue loss of $20 million.
He said last month’s decision not to require exporters to apply for a certificate of origin (CO) would yield in a $10 million revenue loss while the most recent decision to relieve Camcontrol from its inspection duties at border checkpoints will cause a further $30 million loss.
“[The revenue lost] from the reformation will help all types of businesses to conduct commerce as well as help the Cambodian rice industry,” he said.
https://www.phnompenhpost.com/business/ ... ar-revenue
Join the Cambodia Expats Online Telegram Channel: https://t.me/CambodiaExpatsOnline
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- Duncan
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Re: NEW: 'Certificate of Origin' Not Needed for Cambodian Exports
Maybe not needed for the export side, but do you still
need to show a certificate of origin for the import of items into other countries. Eg. Australia.
need to show a certificate of origin for the import of items into other countries. Eg. Australia.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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