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Leather exporters in Pakistan must 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.
This was stated by Irfan Ahmed Sarwana, Vice-President of the Federation of Pakistan Chambers of Commerce and Industry, at a seminar, jointly organised by the FPCCI and Trade Development Authority of Pakistan (TDAP) at Federation House, on August 1.
The new system allows exporters to issue their own statement of origin and they would not need the certificate of origin (COO) from TDAP, he said.
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.
He explained that there would be a one-time registration under the REX System and thereafter TDAP will stop issuing a certificate of origin.
Once an exporter is registered, they would become directly responsible for the issuance of statement of origin. “The spirit is basically self-regulation,” he added.
Former chairman Pakistan Tanners Association (PTA) Gulzar Firoz said it would not only give relief to exporters but also save their time by not visiting TDAP offices for getting the COO.
Source: The Dawncomments powered by Disqus