A. General Information
FTA KOREA PLUS - KOREA's FTA ORIGIN DETERMINATION SERVICE
B. Lessons Learned
FTA PLUS KOREA enables the streamlined process of origin determination using AI and data compliance.
Rules of Origin information by FTAs
-RoO of RCEP and 17FTAs in effect
HS code search
Base Information Management
Bill of Materials management
Declaration of Origin Management
Origin Verification Questionnair
Issuing Declaration of Origin (D/O)
Preferential Certificate of Origin
P-C/O and D/O Signature register
Complicated RoO: 88% of trading SMEs interviewed complained about the origin determination; Challenges in Complicated RoO, difficult issuing process, and lack of knowledge and experts.
High Cost: The application and verification of RoO by Authority is a growing barrier ‘at the border’ in some countries. Sometimes, the total cost of utilizing FTA is higher than the tariff benefit of FTA.
Compliance: It is necessary to prepare for the risk of additional customs duties due to errors in the determination of origin and incomplete determination documents.
Administration burden: Responding to the customer's request for a Country of Origin Management is necessary. It is needed to prepare for due diligence.