EU GSP+ facility linked with REX registration

 
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KARACHI Aug 2 (TNS): Exporters have been urged to register themselves with the Registered Exporter System (REX) by the end of this year if they want to continue availing the European Union’s (EU) GSP+ facility.

Vice-President of the Federation of Pakistan Chambers of Commerce and Industry, Irfan Ahmed Sarwana, said this at a seminar, jointly organized by the FPCCI and Trade Develo­p­m­ent Autho­rity of Pakistan (TDAP) at Federation House, on Tuesday.

He said the new system allows exporters to issue their own statement of origin and they would not need the certificate of origin (COO) from TDAP. Pakistan is required to completely switch over to the REX System by the end of December, he added.

A detailed presentation was given by TDAP Consultant Kamal Sheharyar in this regard. He explained that there would be a one-time registration under the REX System and thereafter TDAP will stop issuing certificate of origin. Once an exporter is registered, he/she would become directly responsible for the issuance of statement of origin. “The spirit is basically self-regulation,” he added.

Gulzar Firoz, the former chairman Pakis­tan Tanners Association (PTA), said it would not only give relief to exporters but also save their time by not visiting TDAP offices for getting the COO.