ID :
178182
Wed, 04/27/2011 - 07:23
Auther :
Shortlink :
http://m.oananews.org//node/178182
The shortlink copeid
Exporters learn regional agreement tariff benefits
VIENTIANE, ( KPL) - Over 70 representatives of government bodies and manufacturers and exporters have participated in a training course on the implementation of rules of goods origin under the ASEAN-Australia-New Zealand Free Trade agreement.
Held on 26-28 April by the Import and Export Department of Ministry of Industry and Commerce in cooperation with Asean Department, Ministry of Foreign Affairs, the training is also aimed at ensuring government officials are able to materialize the rule of goods origin practically.
Through enforcing the rule of origin, domestic producers and exporters will benefit as they will be able to use materials from Asean member countries, Australia and New Zealand for their production and export their products with trade preference and benefits stipulated by the Asean-Australia-New Zealand Free Trade Agreement.
Signed in February 2009 and put into practice in January 2010, the agreement stipulates rule of origin that provides a mechanism through which originating goods can be
cumulated across the Parties.
The rule of origin provides “co-equal” or alternative rules for the majority of product lines. This means that manufacturers/exporters can choose between either a change in tariff classification approach or a regional value content approach with a 40% free on board threshold, depending on which approach best suits their business model.
Held on 26-28 April by the Import and Export Department of Ministry of Industry and Commerce in cooperation with Asean Department, Ministry of Foreign Affairs, the training is also aimed at ensuring government officials are able to materialize the rule of goods origin practically.
Through enforcing the rule of origin, domestic producers and exporters will benefit as they will be able to use materials from Asean member countries, Australia and New Zealand for their production and export their products with trade preference and benefits stipulated by the Asean-Australia-New Zealand Free Trade Agreement.
Signed in February 2009 and put into practice in January 2010, the agreement stipulates rule of origin that provides a mechanism through which originating goods can be
cumulated across the Parties.
The rule of origin provides “co-equal” or alternative rules for the majority of product lines. This means that manufacturers/exporters can choose between either a change in tariff classification approach or a regional value content approach with a 40% free on board threshold, depending on which approach best suits their business model.
