International Chamber of Commerce Updates Certificate of Origin Guidelines
The International Chamber of Commerce World Chambers Federation updated its certificate of origin guidelines, the ICC WCF said in a May 27 news release. "The latest edition of the CO Guidelines elaborates on the differences between both preferential and non-preferential…
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certificates of origin," it said. "It focus on non-preferential rules of origin which are required for payment mechanisms, such as letters of credit for traded goods, and measures related to trade policies, like applications for Most-Favoured Nation (MFN) status. Meanwhile, preferential rules of origin determine whether goods or services are eligible for preferential treatment under Free Trade Agreements (FTA)." The group also encouraged the use of electronic certificates.