Rules of Origin


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Rules of Origin

Regulations determining where a product was created for the purpose of determining what tariff, if any, applies. In general, rules of origin consider a product to come from the country where the last substantial change occurred. For example, suppose raw material comes from Britain, is sent to Russia for refining and then is finished in Japan. If the final product is sent to the United States, rules of origin generally consider it as having come from Japan.
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70) Customs authorities may have almost as much difficulty in interpreting the rules of origin as the businesses wishing to utilize the rules because customs and business arc on a par in receiving sparse legislative guidance.
controversial issues involving rules of origin, including the apparently
Rules of origin are used by nations to determine the country of origin of goods and services, but firms can distort these rules to obtain lower tariffs.
The rules of origin are now much simpler and will facilitate trade once the three regional economic trading blocs establish a free trade area," reports EAC director-general in charge of customs and trade, Peter Kiguta.
Content includes coverage of topics such as: EU legislation, international agreements, movement and classification of goods, rules of origin, anti-dumping and protective measures, economic regimes, electronic data interchange, excise duties, control bodies, litigation/ case law, anti-money laundering measures, and the Modernized Customs Code.
In a preferential trade agreement, rules of origin determine whether a product originated from the area covered by the agreement and thus qualifies for its preferential tariff, which in NAFTA's case is usually duty-free status.
Summary: The current negotiations on the definition of rules of origin of the products exchanged within the Arab Free Trade Zone (AFTZ) hit a snag over the determination pf 26 categories of products, an official source at Trade Ministry told APS.
In the latest negotiation, Korean and the EU made some progress in narrowing down differentiations in key issues such as rules of origin, non-tariff barriers, and the so-called geographical indications of some products.
Origin management is the practice of leveraging continuously updated trade data and rules of origin to determine the economic origin and free trade agreement eligibility, while creating detailed documentation of the findings and enabling in-depth scenario analysis.
The latter figure remains relatively low because regulations regarding rules of origin restrict Jordan's ability to penetrate this market.
ABAC has also commissioned research to be carried out during 2007 which includes an evaluation of Rules of Origin across RTAs/FTAs in the APEC region with the objective of identifying similarities and differences, determining the dimensions of Rules of Origin that create greatest complexity for trade, and analyzing which Rules of Origin impact on the cost of doing business, on global trade and on investment decisions.