20 Sept 2019
CAMBODIA: Online Certificate of Origin System Extended to Two Further Provinces
The country’s online Certificate of Origin (CO) system has been extended to two more provinces bordering Vietnam – Prey Veng and Svay Rieng. Previously, the system was operational in four other Vietnam-bordering provinces (Kratie, Mondulkiri, Ratanakkiri and Tboung Khmum), as well as four Thai-bordering provinces (Battambang, Pailin, Banteay Meanchey and Oddar Meanchey) and the Laos-bordering province of Stung Treng. The system, which allows businesses secure a CO via the website of their local commerce department, is expected to be adopted nationwide by the end of this year.
Once fully operational, the system will reduce paperwork and cut down the time businesses have to spend applying for COs at the commerce ministry’s headquarters in Phnom Penh. While the current manual processing time varies between 10-14 days, its online counterpart should see this reduced to less than 16 hours.
Hong Kong businesses with operations in Cambodia should, however, note that COs are no longer required for goods destined for any country that does not specify the need for such documentation. In addition, those looking to export from Cambodia to the European Union, Switzerland, Norway or Turkey under the Generalised System of Preferences (GSP) programme are only required to self-issue a Statement of Origin (SO) for their products in order to qualify for the relevant preferential tariffs. In order to qualify for this entitlement, however, businesses must first register as a company and obtain an EU Registered Exporter (REX) number.