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Showing posts from May, 2021

Which Goods Are Counted as ‘Originating’ under the China-Australia FTA?

The China-Australia Free Trade Agreement (ChAFTA) allows the traders from both countries to trade at preferential tariffs. To keep it simple, the agreement reduces or eliminates duty tariffs on different goods. In order to enjoy these benefits, the traders must meet a set of criterions, one of them being the proof that the goods being traded originated in China or Australia. For this, every trader must prepare a certificate of origin as per the prescribed format.  Here, it is necessary to understand whether your goods classify as ‘originating’ or not. Find it out. Goods Wholly Obtained in Either Country First, the goods that are entirely obtained in the exporting country are eligible as the originating ones. For example, fruits and vegetables that the country produces in its farms are easily the wholly obtained goods. Goods Wholly Produced in Either Country Second, the goods that are produced using ingredients wholly obtained in the exporting country also meet the parameter. The j...