Skip to main content

Types of Certificates of Origin Businesses in Australia Must Know About

 


Certificates of Origin (COO) are international trade documents, which certify that products in a certain export consignment are wholly obtained, processed, manufactured, or produced in a specific country. If you run a business in Australia, you must know about four different types of COO. The section below will introduce you to them.

AANZFTA

AANZFTA stands for Y ASEAN-Australia-New Zealand Free Trade Area. You will need this Certificate of Origin when sending consignments to ASEAN (Association of Southeast Asian Nations) countries. Showing the certificate will eliminate or decrease duty rates levied on the products and tariffs. You must note that to obtain the certificate, you must be a registered exporter.

To get the certificate and enjoy preferential tariffs and duty rates, you must deal with products you have obtained or manufactured entirely in Australia. You can mention that a particular item has originated in Australia even if it has been produced partly in the country. However, for that, there should be a change in the tariff classification of the third country. This may happen when the production takes place in Australia or there are inputs from the ASEAN countries.

You can export your products to ASEAN countries even without an AANZFTA Certificate of origin. However, you will need to pay hefty import duties. This will increase the MRP of the products and prevent buyers looking for reasonably priced products from purchasing them.

TAFTA

TAFTA stands for Thailand Australia Free Trade Agreement. You will need the certificate when exporting goods into Thailand. You can eliminate or decrease the duty rates and tariffs associated with your products by showcasing this certificate. What makes you eligible for the certificate? Firstly, you must be a registered exporter. Additionally, to get a TAFTA Certificate of origin, you must deal with products originating either in Thailand or Australia.

KAFTA

KAFTA stands for Korea-Australia Free Trade Agreement. Get this certificate if you want to export goods to Korea and want to enjoy the elimination or reduction of duty rates and tariffs. To be eligible for the certificate, you must deal with items originating either in Australia or Korea. Other than that, you must also be a registered exporter. If you are an Australian exporter, you will get a KAFTA Certificate of Origin for:

  • Products produced entirely or obtained in Australia
  • Products produced completely in Australia using materials ‘originating’ as per the rules of origin or ROO
  • Products made in Australia following inputs from other nations

JAEPA

JAEPA stands for Japan–Australia Economic Partnership Agreement. All rules for getting the certificate remain the same for Australian exporters. The only difference is that in this case, the importing country is Japan.

Final Words

You may be looking to get a JAEPA Certificate of Origin or any of the other three certificates discussed above; the process will be complex. The easiest way of ensuring that the tedious process of obtaining these certificates does not leave you frustrated is ImpexCOO. You can use ImpexCOO to submit all kinds of COO online. What’s more, you can submit them to any Australian Chamber of Commerce.

Comments

Post a Comment

Popular posts from this blog

ImpexDocs - Australian Export Documentation Simplified

Are you looking for complete cloud based export documentation software? Impex Docs offers comprehensive export management solution for a wide range of industries. As an exporter, if you are looking for professional help in regard to automating and managing the complexity of your global commerce, logistics or compliance issues, Impex Docs can help you with all of these. As an Australian owned company, it has more than 15 years of experience. Impex Docs has assisted clients in a variety of industries helping them effectively streamline export documentation process and get faster regulatory approvals. Export Declaration number or Impex EDN Obtaining an EDN or Export Declaration number from Australian Customs is a compulsory requirement before your goods can be exported to any other country.  You no longer need to worry about obtaining export declaration number. With Impex EDN, you can simply submit goods directly to Australian customs and get your EDN within a matter of minutes. S...
2 comments
Read more

Important Aspects of Lodging Export Declaration the First Time

The exporters must lodge export declarations to the Customs and Border Protection as an essential requirement to carry out export transactions. First, these are the statements that report to the Customs information about the goods being exported. Second, each of these declarations is processed to generate a unique export declaration number which is an important entity throughout the process. In a declaration, an exporter would share information about the consignor, consignee, loading and destinations ports or airports, goods description, quantities etc., intended date of export and so on. While these are the basic things you must be familiar with. If you are about to lodge an export declaration for the first time, here are some important things to know. Lodging an Export Declaration It can be done in two ways: Electronically : For this you need to register with the integrated cargo system (ICS) which is under the control of the Customs and Border Protection. At a counter : For ...
1 comment
Read more

How Certificates of Origin Influence Global Trade Efficiency

International trade involves the movement of goods across borders, connecting businesses and consumers around the world. Certificates of Origin play a crucial role in this process by providing certified declarations of a product's origin. These documents are essential to ensure that trade flows smoothly and according to established regulations. In this article, we'll explore the significance of Certificates of Origin in international trade, with a particular focus on the Australian Certificate of Origin , AANZFTA Certificate of Origin, and KAFTA Certificate of Origin. We'll explain how these certificates impact trade efficiency and why they are so important. Understanding Certificates of Origin To begin, let's clarify what Certificates of Origin are and why they matter in international trade. A Certificate of Origin is an official document that verifies the country where a product was manufactured. This declaration is crucial because it determines how the product is tr...
Post a Comment
Read more