Certificate Of Origin Korea-Us Free Trade Agreement Template
If you issue a certificate of origin for the importer, you must keep it for a period of at least five years after the date of importation, as well as all records and supporting documents relating to the origin of the goods. A free-form certification can be used as an alternative to the presentation of the Certificate of Origin by Korean producers and exporters, as well as by US importers, if it is confirmed that their products meet the requirements of the Korean Free Trade Agreement. The U.S.-Korea Free Trade Agreement does not require a specific certificate. The importer or the Korean Customs Service may ask you to provide information in support of a claim for preferential treatment. For more information on what needs to be registered, see the Free Trade Agreement on Certificates of Origin. Please note that the Korean Customs Service does not impose a specific certificate of origin under KORUS and there is no form or format required for the certificate of origin. == Exporters or producers should be informed that, as long as you provide the necessary elements to obtain certification, you do not need to use the certificate of origin of the Korean Customs Service or a form prescribed by the Korean government, although you are free to do so. Korea FTA Text: The full text of the agreement. The Korean Free Trade Agreement (KORUS) entered into force on 15 March 2012. Most of Korea`s industrial and consumer products currently arrive in the U.S. duty-free and merchandise-free, and this figure will exceed 95% by 2016. Information for U.S. exporters is available through the Department of Commerce at: 2016.export.gov/FTA/index.asp The U.S.-Korea Free Trade Agreement (KORUS) entered into effect on March 15, 2012.
On the day of implementation, nearly 80 percent of the U.S. exported industrial goods to Korea, including aerospace equipment, agricultural equipment, auto parts, construction products, chemicals, consumer products, electrical equipment, environmental goods, travel goods, paper products, scientific equipment, shipping and transportation equipment. Other benefits of the free trade agreement are to strengthen the protection and enforcement of intellectual property rights in Korea and improve access to the $580 billion Korean services market for highly competitive U.S. companies. . . .