Hyderabad: A new system for issuance of Certificate of Origin (COO) by beneficiary countries has been introduced by Europe Union (EU) to cover exports under the EU-GSP preferential tariff facility. Registered Exporters (REX) system will enable Pakistan’s exporters to issue the COO by themselves for 28 EU member states and also for Switzerland and Norway after their registration into EU’s REX database.
To educate the exporters about this new system, Trade Development Authority of Pakistan (TDAP) continues to organize seminars on REX System by European Union for Issuance of Certificate of origin.
TDAP organized a Seminar on REX system in Hyderabad Chamber of Small Traders and Small Industry, which was attended by the representatives of all regional chambers, trade associations, exporters and potential producers.
Mr. Kamal Shahryar, Consultant, TDAP gave an elaborate presentation covering introduction of REX, eligibility for registration, method to become a registered exporter, REX in Pakistan _ progress and benefits and scope of TDAP’s operations for REX and Rules of Origin (ROO). He informed that 36 countries including Pakistan were required to completely switch to the REX System by the end of December, 2017.
Only six countries have successfully switched to REX system. Pakistan is one and has, so far, registered 4300 exporters into REX database.