The EU-Canada Comprehensive Economic and Trade Agreement (CETA) is expected to become provisionally applicable in part in the first quarter of 2017. This applies in particular to free trade through tariff concessions (tariff preferences). Companies should now check what conditions free trade has (preference requirements). EU companies exporting to Canada must consider whether they can apply for the status of registered exporter (REX).
Declarations of origin of the registered exporter under CETA
Free trade primarily means lower customs duties or exemption from customs duties for products originating in the beneficiary country. However, preferential duties will only be granted if all preferential conditions are met.
Under CETA, only declarations of origin can be used as permissible proofs of preference. If the value of a consignment exceeds € 6,000, a declaration of origin in the EU can only be made by registered exporters (REX).
REX status must be applied for and is subject to certain conditions. If you want to remain competitive, you should inform yourself and take action at an early stage.
Transitional arrangements for authorised exporters (EA)
The German customs administration informs that exporters (EA) authorised under a transitional arrangement may also issue declarations of origin using their EA authorisation number. The transitional arrangements will apply until 31.12.2017 to avoid processing bottlenecks during the initial phase of the new registration procedure “REX” at the main customs offices.
O&W Attorneys at Law advise on the CETA Free Trade Agreement and assist you in applying for the Registered Exporter (REX).
Your contact person
Dr. Tristan WegnerABC-Str. 2120354 Hamburg