You can refer to this manual for more information on the rules of origin of ordinary COs. ASEAN has attempted to improve customs coordination through the implementation of ASEAN`s “one-stop shop” project. The ASEAN single window would allow importers to transmit all transaction information electronically. This information would then be shared with all other ASEAN national customs authorities. In order to encourage trade facilitation, the AMS signed the Protocol on the Legal Framework for the Implementation of the ASEAN Single Window in September 2015. The ASW initiative aims to improve trade facilitation by simplifying customs clearance procedures and shortening shipping and cargo release times through an integrated platform of partnerships between government authorities and end-users, including economy, transportation and logistics companies. As part of the ASW initiative, participating countries agreed to introduce electronic filing of Form D, which aims to simplify and speed up clearing processes and thereby increase trade efficiency and competitiveness among participating countries. The CEPT only applies to products originating in ASEAN. The general rule is that the local content of ASEAN must be at least 40% of the FOB value of the treat.
The local content of ASEAN can be cumulative, i.e. the value of contributions from different ASEAN members can be combined to meet the 40% requirement. The formula used is that efforts to close the development gap and expand trade among ASEAN members are essential elements of the political debate. According to a 2008 research mandate published by the World Bank as part of its “Trade Costs and Relief” project, ASEAN members have the potential to reap significant benefits from investment in new trade facilitation reforms, as a result of the important customs reform already implemented by the ASEAN Free Trade Agreement. The protocol was almost never called because of THE role of SEOM in the dispute resolution process. THE decisions of the SEOM require a consensus among all ASEAN members and, since both the aggrieved party and the alleged transgressed party participate in THE SEOM, such a consensus cannot be reached. This prevents ASEAN members from availing themselves of the protocol and they often seek to resolve disputes in other countries such as the WTO or even the International Court of Justice. It can also be frustrating for companies involved in an AFTA dispute, as they do not have the right to avail themselves of dispute settlement, but their home government, ASEAN, may not be willing to avail themselves of the protocol. The ASEAN Secretary General said that dispute resolution was a necessary reform for the proper management of the AFTA and the AEC. Effective May 1, 2020, China introduced full electronic transmission of the Preferential Certificate of Origin (PCO) for the acceptance of Singapore products under the Original Electronic Data Exchange System (EODES). In order to help your customers in China obtain a flawless clearance of goods, exporters and their designated agents/forwards are encouraged to use the International Connectivity Preferential Certificate of Origin (IC PCO) service on the Commercial Network Platform (NTP).
For more information on how to sign up for ic PCO, see News and Media > Notices. Although these ASEAN national customs and trade authorities coordinate with each other, disputes can arise. The ASEAN secretariat does not have the legal authority to resolve these disputes, so disputes are resolved bilaterally through informal means or dispute resolution.