Certificate of Origin United States Chile Free Trade Agreement
The United States Chile Free Trade Agreement (FTA) was signed on June 6, 2003, and it became effective on January 1, 2004. This agreement eliminates tariffs and other barriers to trade in goods and services between the two countries.
One of the requirements to benefit from the FTA is to obtain a Certificate of Origin (COO). A COO is an official document that shows where a product was produced, and it certifies that the product meets the rules of origin (ROO) requirements of the FTA.
The ROO requirements are critical in determining whether a product qualifies for duty-free treatment under the FTA. The ROO includes a set of criteria that must be met for a product to be considered „originating“ from either the United States or Chile.
The Certificate of Origin must be completed by the exporter. The exporter must certify that the goods originated in either the United States or Chile and meet the ROO requirements. This document is critical because customs officials in both countries will use it to determine whether the goods qualify for preferential treatment under the FTA.
The Certificate of Origin must include specific information, including the exporter`s name and address, the importer`s name and address, a detailed description of the goods, the country of origin of the goods, and the exporter`s signature and date.
It is essential to note that the Certificate of Origin must be completed accurately and must be signed by the exporter. Failure to comply with the COO requirements could result in unnecessary tariffs, fines, or penalties that could affect your business`s bottom line.
In conclusion, if you are exporting goods between the United States and Chile, it is essential to obtain a Certificate of Origin to take advantage of the FTA`s benefits. The COO is a critical document that certifies that the goods meet the ROO requirements and are eligible for duty-free treatment. Make sure that you complete the Certificate of Origin accurately and timely to avoid any issues with customs officials in either country.