ASEAN Allows Self Certification on Origin of Exports and Imports

A protocol to amend the ASEAN Trade in Goods Agreement (ATIGA) was also signed on Wednesday, paving the way for the implementation of the ASEAN-wide self-certification (AWSC) regime.

The new regime, first mooted by the grouping’s economic ministers in 2009, will allow certified exporters to self-certify the origin of their exports and enjoy preferential treatment, said Mr Chan.

This benefits both importers and exporters as it does away with the administrative hassle and additional costs to do with the application of a Certificate of Origin. It also helps improve efficiency for issuing authorities.

Singapore-based exporters, for instance, can potentially enjoy annual savings of about half a million dollars, the minister said.