Issue of May 5, 2019
     
NEWS
Benguet
Ifugao
 
OPINION
 

2019
Panagbenga Flower Festival
 
Other Links:
AANZFTA eyes self-certification to facilitate trade of products
by Press release

Philippine exporters may soon find it easier to export under the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) agreement as the Association of Southeast Asian Nations and Australia-New Zealand are planning a pilot program allowing the use of a declaration of origin (DOO) as evidence that the imported goods meet the rules of origin (ROO) and are eligible for preferential tariff treatment. 

Under the proposed DOO pilot, origin certification under AANZFTA can be provided by either the DOO or the existing certificate of origin (COO), it was disclosed at a recent workshop in Pasig City. 

Thus, the pilot will make documentation of origin a dual system, with traders having the option to use either the COO or DOO.

A DOO is a statement that the goods are originating goods that meet AANZFTA requirements. It is a self-certified document made by the manufacturer, producer, supplier, exporter or other competent person on a DOO form, a commercial invoice,  or other commercial documents.

A COO, on the other hand, is a form identifying goods and containing a certification by an authorized body that the goods are originating goods and meet AANZFTA requirements. Unlike the self-certified DOO, the COO is issued and certified by an authorized body on the basis of an application and declaration by the exporter or manufacturer.

DOO and COO can serve as proof that the imported goods are originating in accordance with AANZFTA’s requirements and are thus eligible for preferential duty rates.

Under the pilot, the importer will be required to possess either a COO or DOO when claiming preferential treatment on the import declaration.

The DOO scheme is seen to provide a number of benefits for exporters who will avail of  AANZFTA preferential duties.

With DOO self-certification, traders are equipped with a cost-effective measure to facilitate exports, while still providing adequate documentary evidence of origin. 

DOO advantages include placing the documentary evidence requirements on traders; facilitating responsiveness to modern supply chain patterns; and speeding up the flow of trade because the exporter can export whenever he wants, not having to wait for the authorized issuing body to issue the COO.

There is also a cost benefit to traders because a trader-issued DOO costs nothing, while an authorized issuing body may charge fees. The exporter also saves on transport time and fees as he no longer has to go and lodge and pick up a COO. The DOO can be issued by the trader anytime, including weekends and midnight.

Further, the DOO is simple to use as all that is required is a declaration that the goods meet the required ROO to be placed in the sales invoice (or similar document). Therefore, no new paperwork is required by the trader.

The use of DOO will not be mandatory. Exporters can choose to use either the DOO or COO depending on their level of ROO knowledge.

Those who will opt to use the DOO are advised to ensure  that the DOO is accurately completed to avoid delays.

AANZFTA parties are currently holding awareness workshops giving an overview of the DOO pilot program in preparation for its launch.

 
Read more:
 
NEDA says Cordillera should strengthen its agri industry
   
Firms bag $42 M export sales
   
GDH sector launches Ma’I brand to boost int’l competitiveness
   
PH foods to join New York’s biggest specialty food event
   
Gov’t urged to mull another fare hike
   
Recipients of free-range hens in Bontoc undergo training
   
Gov’t jobs top vacancies on Labor Day job fair
   
Cupping competition features budding Ifugao coffee industry
   
Hojap MPC grows to become leading maker in Asipuo
   
Sen Lacson pushes for people’s participation in budgeting
   
BOC exceeds April collection aim by 3%
   
New laws greet Filipino workforce on Labor Day
   
Public warned vs overcharging airport cabs using DOT logo
   

Your Ad Here


BUSINESS
NEDA says Cordillera should strengthen its agri industry

Firms bag $42 M export sales

GDH sector launches Ma’I brand to boost int’l competitiveness

PH foods to join New York’s biggest specialty food event

Gov’t urged to mull another fare hike

Recipients of free-range hens in Bontoc undergo training

Gov’t jobs top vacancies on Labor Day job fair

Cupping competition features budding Ifugao coffee industry

Hojap MPC grows to become leading maker in Asipuo

Sen Lacson pushes for people’s participation in budgeting

BOC exceeds April collection aim by 3%

New laws greet Filipino workforce on Labor Day

Public warned vs overcharging airport cabs using DOT logo


Albergo Hotel and Residences
Informatics

Baguio Central University
Department of Health – CAR
King’s College of the Philippines
Narda’s and Sunflower Ridge
National Grid Corporation of the Philippines
Our Lady of Mt. Carmel Montesorri, Inc.
Pines City Colleges
R.A. Gapuz Review Center

Assumption Medical and Diagnostic Center
Baguio Center Mall
Baguio Country Club
Baguio Water District
Choobi Choobi
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Transportation – CAR
Easter College
Fabulo Beauty and Image Salon
GMS Technology
Gov. and Mrs. Crescensio and Jane Pacalso and Family
La Funeraria Paz, Inc.
Maybank
Mayor Romeo K. Salda
Mother Earth Deli Basket
New Media Services
Northern Luzon School for the Visual Impaired, Inc.
Overseas Workers Welfare Administration – CAR
Philippine Rural Electric Cooperatives Association
Regional Development Council – CAR
National Economic and Development Authority – CAR
Technical Education and Skills Development Authority – CAR Search Results Web result with site links Technical Education and Skills Development Authority – CAR

Home | About Us | Editorial Policy | Contact Us  
News | Opinion | Snapshots | Week's Mail | Obituaries  
Copyright © 2007-2015. All Rights Reserved. baguiomidlandcourier.com.ph