Bangladesh Requiring Exporters to Self-Issue Certificates of Origin
Bangladesh’s Export Promotion Bureau is expected to soon launch an online registration system that will require companies that export to the European Union, Switzerland or Norway to “self-issue” certificates of origin for their goods, according to a July 25 report from the Hong Kong Trade Development Council. Companies will have until June 30, 2020, to register with the bureau and obtain an EU Registered Exporter number, which will allow them to self-issue certificates of origin for a 12-month period, the report said. Companies will need to register annually to “maintain their [Generalized System of Preferences] entitlement,” the report said.
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Under the country’s current system, certificates of origin are manually issued by “different government agencies, a system that has often led to incidences of corruption,” according to the report. The change places the burden on exporters to ensure they “comply with the origin of goods criteria,” the report said.