Logo of Phnom Penh Post newspaper Phnom Penh Post - CO not needed for exports to EU

CO not needed for exports to EU

Content image - Phnom Penh Post
Trailers transport containers from the Phnom Penh Autonomous Port’s new terminal in Kien Svay district’s Banteay Dek commune, Kandal province. Heng Chivoan

CO not needed for exports to EU

Those wishing to export their goods to the EU under the tax-free preferential scheme, Everything but Arms (EBA), are no longer required to apply for a Certificate of Origin (CO), according to a joint announcement from the ministries of Commerce, and Economy and Finance on Monday.

However, exporters are required to register in the EU’s Registered Exporter System (REX) to self-certify the Statement on Origin of their goods instead of applying for a CO.

Member of the REX system

The export of goods to the EU under the Generalised System of Preferences (GSP) as well as to Norway, Switzerland and Turkey is also exempted from the CO requirement if the companies have registered in the REX system, said the ministries’ announcement.

Ministry of Commerce spokesman Seang Thay said the cancellation of the CO requirement for the export of goods to the EU came as Cambodia became a member of the REX system, which comes into effect on January 1.

Having registered in the REX system, exporters need only self-declare the type and quantity of goods to the Ministry of Commerce without requiring a CO, and the EU will recognise them, he said.

“The government wants to facilitate the business of traders and businessmen. We agree that there is no need to have a CO. The company will save on fees and save a lot of time in applying for it,” Thay said.

However, exporters are required to report to the Ministry of Commerce no later than 30 days from the date of shipment, so that the ministry verify the inventory of imported raw materials and keep a record, the joint statement added.

MOST VIEWED

  • First deportees of the year touch down in Cambodia

    Twenty-five Cambodian-Americans landed in Phnom Penh on Wednesday, marking the first such deportations of the year. “On Wednesday, US law enforcement authorities deported 25 Cambodian nationals that immigration judges determined had no legal basis to remain in the US,” said Arend Zwartjes, spokesperson for the US

  • Qatar Airways to connect Doha and Siem Reap town

    Qatar Airways Company QCSC has announced a new route connecting Qatar’s capital Doha with Siem Reap, a move hailed by local officials as a significant step to boost tourist numbers. A Qatar Airways representative, speaking at the Kuwait Aviation Show, announced on Thursday that

  • Kingdom drafting new law to strengthen immigration

    The Ministry of Interior on Tuesday said it had formed a working group to draft amendments to the Law on Immigration. Its secretary of state Sok Phal told The Post that the amendments will strengthen the management of immigrants in line with the current situation.

  • Sokha defence denies Tech’s claims

    ON DAY two of Kem Sokha’s treason trial, lawyers for the government said the defence had raised questions in an attempt to allow their client to make a public statement and a conclusion to the case, something his legal team denied. Ky Tech, a

  • Cambodian general visits Myanmar to enhance national defence cooperation

    Royal Cambodian Armed Forces (RCAF) commander-in-chief Vong Pisen is now in Myanmar leading a delegation that aims to improve ties, particularly in national defence, with the fellow Asean member. The timing of Pisen’s four-day visit to the Southeast Asian neighbour is highly symbolic, with

  • Sokha’s treason trial begins

    The treason trial of Supreme Court-dissolved Cambodia National Rescue Party (CNRP) president Kem Sokha began at the Phnom Penh Municipal Court on Wednesday with the presentation of a two-minute video clip. The footage, which was the basis of the charge against him, was dismissed by