The Korea Customs Service (KCS) announced on July 15 it will jointly run an Electronic Origin Data Exchange System (EODES) to allow certificates of origin to be processed through electronic platforms with Vietnam and India from next year.
This news was announced during a meeting held between the KCS and its customs chapters nationwide which aimed to collect feedback from concerning authorities for the optimisation of free trade agreements the Republic of Korea (RoK) have signed.
At present, the RoK operates a similar system with China and Indonesia, according to Kim Jong-ho, director of the KCS’s International Affairs Bureau.
Furthermore, the KCS has also decided to expand the use of a self-certification system enabling exporters, producers, and importers to voluntarily provide proof of origin of goods. This move will allow parties to quickly correct minor mistakes on certificates of origin whilst also speeding up customs procedures.
Source: VOV