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ImpexCOO can help you obtain all kinds of COO. This certificate can be primarily of two kinds, non-preferential, and preferential.
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What Types of Certificates of Origin Does ImpexCOO Offer? IMPEXCOO can help you obtain all kinds of COO. This certificate can be primarily of two kinds, non-preferential, and preferential. Non-preferential COO, which is the most common variant, states that the country of origin of the products in question is not eligible for any preferential treatment. The other kind i.e., the preferential COO, on the other hand, states that the products in question are eligible for exemptions and decreased tariffs. For example, if the Australian government has signed a Free Trade Agreement with the country you are exporting to, the products involved will be eligible for preferential rates. JAEPA, AANZFTA, TAFTA, and KAFTA Certificate of Origin are all preferential COO and are respectively meant for trade with Japan, South Asian countries, Thailand, and South Korea. Canada and the USA also have Free Trade Agreements with Australia. IMPEXCOO can assist you in getting both preferential and non-preferential COO. What’s more, you can use the platform even for sending these certificates to the required authorities. It works directly with authorised government bodies to obtain your COO. So, there are zero chances of falling prey to problems like filling out the wrong form or getting a false certificate. Get in touch with IMPEXDOCS to grab your copy of the JAEPA, AANZFTA, KAFTA, or TAFTA Certificate of Origin.
How Do Australian Exporters Benefit from Different FTAs? ChAFTA: China - Australia FTA The ChAFTA came into force in the year 2015. In the beginning, 85% of the listed Australian commodities enjoyed zero tariffs on export to China. On full implementation of the FTA, the exporters from Australia would be able to enjoy zero tariffs for 98% of the commodities by producing a ChAFTA certificate of origin. TAFTA: Thailand – Australia FTA After coming into force in 2005, the FTA would be fully implemented by 2025. By 2010, 94% of the tariffs in Thailand on Australian exports were eliminated. At the end of 2020, most of the remaining tariffs would phase to zero. The exporters need a TAFTA certificate of origin to benefit from it. KAFTA: Korea - Australia FTA In 2013, it was announced that tariffs accounting up to 300% on a number of Australian agriculture exports like wheat, horticulture, wine and more would be eliminated. A KAFTA certificate of origin is the document that exporters must produce for these benefits. Likewise, you can enjoy the reduced tariffs by producing a JAEPA certificate of origin for exports to Japan. If you export to one or more of the ASEAN countries and New Zealand, you would need an AANZFTA certificate of origin to claim the reduced or eliminated tariffs. The ASEAN countries include Australia, Brunei, Laos, Malaysia, Myanmar, Singapore, Thailand, Philippines and Vietnam. As an exporter, you must prepare a certificate of origin in the prescribed format and submit it to one of the chambers of commerce in Australia to get it stamped. You can do it manually but using a software solution for the same can help you save efforts and time. Make sure that you follow the right formats and avoid mistakes while preparing the certificate.