Gwangju Chamber of Commerce and Industry Sees Continued Increase in Trade Certificate Issuance Service Usage

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The Gwangju Chamber of Commerce and Industry's 'Trade Certificate Issuance Service Project' has achieved record performance.

According to Gwangju Chamber of Commerce on the 5th, a total of 279 local companies participated in the project, issuing 2,091 general certificates of origin, 3,193 FTA certificates of origin, and 289 trade certifications, totaling 5,573 cases, an increase of 11.8% compared to the previous year.

It is interpreted that local companies have received great responses because it reduces the burden of proving origin required by export destination countries and enhances customs benefits and convenience in customs clearance procedures.

By issuing country, ASEAN countries accounted for 28.93%, China 19.89%, India 6.87%, United Arab Emirates 3.25%, and others 41.06%, and it was found that a total export of 280 million dollars was recorded through trade certification.

This project has been implemented since 2006 by the Chamber of Commerce and Industry and the Korea Customs Service, providing notarization of general and FTA certificates of origin and various trade documents for local export companies. Export companies can utilize this to receive customs benefits and expedite customs clearance procedures.

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