A. General Information
1. Title
FTA KOREA PLUS - KOREA's FTA ORIGIN DETERMINATION SERVICE
2. Status of the project/service
3. Implementation period of the project/service:
6. Participating agencies/entities of the project/service:
a. Development stage
Lead agencies/entities
The Ministry of Trade, Industry and Energy of Korea
Other participating agencies/entities
KTNET KOREA (service provider)
b. Operational stage
Lead agencies/entities (op)
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Other participating agencies/entities (op)
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7. Main stakeholders/beneficiaries of the project/services
Traders (big enterprises)
Traders (SMEs)
Other Government Agencies (OGAs)
8. Business process category of the project/service
Commercial Transactions
Forwarding and cargo handling
Regulatory/official control
B. Lessons Learned
9. Summary description of the project/service
a. Objective(s)
FTA PLUS KOREA enables the streamlined process of origin determination using AI and data compliance.
Main Functions:
FTA Information:
Rules of Origin information by FTAs
-RoO of RCEP and 17FTAs in effect
HS code search
Base Information Management
Product management
Customer Management
Bill of Materials management
Purchase/Sales ledger
Declaration of Origin Management
Origin Determination
Origin Verification Questionnair
Issuing Declaration of Origin (D/O)
Preferential Certificate of Origin
Post-Determination Management
P-C/O and D/O Signature register
Due diligence
b. Business need for the project/service (background)
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.
c. Business process covered*
d. Overall architecture and functionalities*
e. Relevant document/figure
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10. Documents and data exchanged via the project/service
11. Data models/databases, proprietary solutions, hybrid approaches
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12. Main challenges faced during the project/service
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13. Lessons learned from the project/service
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14. Main benefit(s) of the project/service
Enhanced regulatory compliance*
Transaction Cost savings*
Transaction Time savings
Simplified process
14A. Elaborations/detailed description on benefits gained:
15. Technical/financial/capacity building/other assistance
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16. Future plan for expansion of the project and service
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17. Other information or relevant references on the project and service
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18. Relevant document regarding the project/service
C. Relevant Standards
19. Name(s) of any international, national legal instrument underpinning the project/service
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20. Electronic message standard
20A. Electronic message standard supporting the project/service:
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20B. Type of standard for electronic message applied for the project/service
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21. Technical communication standard
21A. Technical communication standard supporting the project/service
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21B. Type of technical communication standard applied for the project/service
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22. Security-related standards*
22A. Security-related standard supporting the project/service
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22B. Type of security-related standard applied for the project/service
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23. Other Technical Information
23A. Interface developed for data exchange with an internal system
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23B. Other technical implementation information
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