Economic Integration
The Philippines pushed for
increased market access through self-certification scheme for exporters to help
small and medium enterprises (SMEs) in the ASEAN region benefit from the
economic integration of the region.
This was stressed by Trade and
Industry Secretary Gregory L. Domingo at the recently-concluded 44th ASEAN
Economic Ministers (AEM) and Related Meetings in Cambodia.
The self-certification project
will allow more SMEs to utilize the ASEAN trade agreements particularly the
ASEAN Trade in Goods Agreement (ATIGA).
“The self-certification scheme
benefits exporters as it eliminates financial costs and expedites the processes
in obtaining a Certificate of Origin (CO) for the products our SMEs export,”
said DTI undersecretary Adrian S. Cristobal Jr.
Self-certification refers to a
scheme being pushed by the Philippines in ASEAN for SME exporters. Said scheme
requires a declaration from a certified exporter that a product meets the rules
of origin under the FTA, eliminating the need to secure a CO Form from the
Bureau of Customs (BOC).
Under the self-certification
scheme, intra-ASEAN trade is facilitated better by ensuring smoother clearance
of goods as issues relating to verification of COs is done away with.
There is also greater convenience
as there is no need to obtain a CO Form from issuing authorities, more cost
savings in relation to administrative charges for CO application and improved
timelines as weekend shipments are no longer held back by the issuing
authorities since CO is no longer required.
The Philippines signed a
Memorandum of Understanding (MOU) with Indonesia and Lao for the implementation
of the 2nd pilot project on self-certification to help SMEs maximize free trade
agreements.
The pilot project provides
opportunity for the Philippine Bureau of Customs (BOC) as the implementing
agency to learn how to implement the system, and build confidence in the
system, particularly on risk management. (BCM)
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