DBFTA: Secure the Certificate of Origin - YouTube

Channel: unknown

[9]
DBFTA is an initiative of the Department of Trade and Industry, in collaboration with
[15]
other government agencies, such as the Bureau of Customs to inform stakeholders of the benefits
[21]
of free trade agreements.
[23]
Trade and investment opportunities in other countries are created through free trade agreements,
[29]
which include the reduction, or elimination, of trade barriers, such as the tariffs.
[35]
One of the requirements to qualify for the free trade agreement, or FTA preferential
[40]
tariffs, is the Certificate of Origin.
[44]
The Certificate of Origin, or CO, serves as a declaration of the exporter that the product
[50]
complies with the origin requirement specified under a specified FTA.
[56]
It is required for each shipment of goods for which preferential tariff treatment is
[62]
claimed.
[63]
The Bureau of Customs, or BOC, is the issuing and granting authority for the CO.
[70]
You can obtain a copy of the CO form from the BOC's collection district nearest you.
[77]
Right now, the Bureau of Customs, or BOC, has 3 major ports, 12 provincial ports, and
[86]
32 sub-ports.
[89]
There are different kinds of CO issued by the BOC.
[93]
These include: Form D:
[96]
ASEAN Trade and Goods Agreement Form E: ASEAN-China Free Trade Agreement
[103]
Form AK: ASEAN-Korea Free Trade Agreement Form JP: Japan-Philippines Economic Partnership
[112]
Agreement Form AANZ: ASEAN-Australia-New Zealand Free
[118]
Trade Agreement Form AJ: ASEAN-Japan Comprehensive Economic
[124]
Agreement
[125]
The CO proves that the product exported is manufactured and produced in the specified
[132]
country or FTA region.
[135]
This serves as a basis for granting preferential tariff treatment by the importing country.
[141]
Before your CO application, it is important that you know the rules of origin, or ROO,
[148]
that will be applied to your products.
[151]
The ROO determines where goods originate, or where they are deemed to have been produced
[157]
or manufactured.
[158]
These are regulations that determine the country of origin, or the nationality of the goods.
[164]
If the nature of the goods to be exported can be readily ascertained, the CO can be
[170]
processed right away.
[173]
Examples for this would be the Philippines agricultural exports, including seafood harvested
[179]
within the country, and mineral goods.
[182]
However, if the goods were manufactured using imported materials, evaluation of the product
[188]
is needed.
[189]
To facilitate this process, file a written evaluation request with the Bureau of Customs
[195]
Export Division port of entry, or collection district in your area at least 5 days prior
[201]
to exportation.
[203]
Together with your request, submit documents containing:
[206]
The exact nature, description, or type of the goods or products for exportation
[213]
Final country of destination
[215]
The complete list of all local and imported materials, parts, or components used in the
[221]
manufacture of the product.
[223]
Indicate the country of origin if a material is imported.
[227]
Breakdown of the cost elements
[230]
and the manufacturing operations to be performed locally on the product.
[235]
After the evaluation, or when presenting the CO declaration to the export division, make
[241]
sure to include the following:
[243]
Copy of export declaration with authority to load
[247]
Commercial invoice Duplicate of bill of lading or airway bill
[254]
After the evaluation and verification of appropriate documents, and upon checking that the product
[260]
is included in the list covered by the preferential tariff, the issuing authority will then sign
[265]
the certificate of origin for your product.
[268]
Your CO, together with the other document requirements, will allow you to avail yourself
[274]
of the FTA preferential tariffs.
[277]
Send the CO to the importer, who will then submit the document to the customs authority
[282]
in the FTA market during import declaration, so you can enjoy preferential FTA rates.
[291]
Venture into international markets to give your business a more competitive edge.
[297]
Use the free trade agreements to your advantage.