What is the Value of a Certificate of Origin?
When importing or exporting around the world, a Certificate of Origin can be of substantial benefit. If the country of import or export has a free trade agreement (FTA) with Australia, duty charges may be avoided.
What is a Certificate of Origin?
A Certificate of Origin is a declaration that details the country in which your goods are made. The document, whilst identifying goods, contains a confirmation from a government authority that the goods being shipped are manufactured in a specific country.
The Certificate o Origin is always issued by the government authority where the goods are originally from. In order to obtain the document, you should contact your supplier or your freight forwarding agent.
And Free Trade Agreements?
Free Trade Agreements are treaties between two or more countries that reduce and can even eliminate certain barriers to international trade and investment. These agreements are entered into in a bid to benefit Australian importers, exporters, producers and investors. You can read more about FTAs on the Department of Foreign Affairs and Trade Website.
So, who does Australia have FTAs with?
Australia has a number of FTAs in place. The links below provide examples of certificate of origin to support these FTAs.
• New Zealand (ANZCERTA)
• Singapore (SAFTA)
• USA (AUSFTA)
• Thailand (TAFTA)
• Chile (ACIFTA)
• ASEAN countries (AANZFTA)
• Malaysia (MAFTA)
• Korea (KAFTA)
• Japan (JAEPA)
• China (CHAFTA)
• Canada (CANATA)
There are a number of FTAs currently being negotiated. Most recently the European Commission signalled an intent to commence such negotiations.
How can these agreements benefit you?
These agreements can have a significant impact on businesses who are purchasing and selling internationally. These FTAs aim to lower trade barriers, the most common being reductions of tariffs and duties on imported goods. Firms can expect reduced or duty free passage of cargo and efficient clearance of goods.
Wish you knew this sooner? Good News! If you have paid duty when importing from a country that has an FTA with Australia, you may be able to claim rebates on these duties using a Certificate of Origin.
Simply contact our customs brokers on 1300 CARGO1 and we will be on hand to assist.
Keep in mind
If you are preparing to import or export, consider whether a Certificate of Origin may make the process more cost effective. It is always a good idea to have your customs consultant review all relevant shipping documentation prior to any cargo departure. They can provide invaluable advice and ensure you don’t get caught out with hidden charges or paperwork issues.
Should you have any questions regarding this please contact your ICE team member on 1300 CARGO1.