How to Manage Global Supply Chains and Utilize FTAs?

Changwon Chamber of Commerce and Industry Holds Online Seminar for Export-Import Practitioners

Gyeongnam Changwon Chamber of Commerce and Industry. / Photo by Se-ryeong Lee ryeong@

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] The Changwon Chamber of Commerce and Industry's Gyeongnam FTA Utilization Support Center will hold an online briefing session for export-import company practitioners at 2 PM on the 13th.

The briefing, conducted via Zoom, will feature customs officer Jeong Mingyu from Customs Corporation W presenting cases of multilateral accumulation utilization under the Regional Comprehensive Economic Partnership (RCEP).

The session will focus on the importance of global supply chain management amid rapidly changing domestic and international trade environments and strategies for utilizing multilateral FTAs.

According to the Changwon Chamber of Commerce, multilateral accumulation refers to a rule in multilateral FTAs that treats raw materials from all member countries as originating within the region.

When multilateral accumulation is applied, the scope of regional raw materials expands, so raw materials that were considered non-originating under bilateral FTAs are recognized as originating, thereby expanding the regional supply chain.

Applications for the briefing can be made on the event/education board on the Changwon Chamber of Commerce and Industry website, and detailed information can be obtained by contacting the Gyeongnam FTA Utilization Support Center at the Changwon Chamber of Commerce.

A center official stated, “In the midst of changes toward a country-centered supply chain restructuring, utilizing FTAs can be a way to efficiently use regional supply chains,” adding, “We hope this briefing will help companies utilize FTAs for supply chain management.”

This content was produced with the assistance of AI translation services.