A Certificate of Origin confirms the ‘nationality’ of a product and serves as a declaration to satisfy customs or trade requirements. COs are mostly required for customs clearance procedures to determine duties or legitimacy of imports.
Certificates of Origin certifies that goods in a shipment are wholly obtained, produced, manufactured or processed in a particular country. Local chambers have the unique position to operate as the natural and trusted agent in issuing COs of which there are two types.
- Non-Preferential COs – for goods that not subject to preferential treatment.
- Preferential COs – issued for goods subject to reduced tariffs or exemptions and tend to be associated with Regional Trade Agreements.