REX
Numbers and identifiers
Registered Exporter System for preferential origin.
The REX system, or Registered Exporter, is a crucial mechanism for companies wishing to benefit from preferential origin in the context of their exports. This system simplifies the process of certifying the origin of goods, allowing exporters to self-declare the preferential origin of their products.
Why use the REX system?
Using the REX system offers several advantages. Firstly, it reduces administrative formalities by eliminating the need to request certificates of origin from customs authorities. This not only saves time but also reduces costs associated with exporting. Moreover, the REX system is recognized in many preferential trade agreements, which can facilitate access to international markets with reduced or zero customs duties.
How to register for the REX system?
To register, a company must complete a registration form and submit it to the competent authority in its country. Once registered, the company receives a REX number that it can use for its origin declarations. It is important to keep the information provided during registration up to date to avoid any issues during customs checks.
Practical tips
- Check trade agreements: Ensure that your products are covered by a preferential agreement before exporting them.
- Keep evidence: Retain documents proving the origin of your goods to facilitate verifications.
- Train your staff: Ensure your team is well-informed about REX procedures to avoid errors.
In conclusion, the REX system is a powerful tool for exporters seeking to optimize their international trade operations. By facilitating the declaration of preferential origin, it paves the way for smoother and economically advantageous exchanges.