In today's global market, understanding and utilizing Free Trade Agreements (FTA) and Economic Partnership Agreements (EPA) is crucial for businesses importing goods into Japan. These agreements, which have historically required a Certificate of Origin (COO), are evolving. Recent FTAs and EPAs now allow for a more streamlined process through self-declaration, making it easier for businesses to benefit from preferential tariff treatment.
Key Agreements Allowing Self-Declaration
Several significant FTAs and EPAs now support the self-declaration system, including:
- Japan - EU EPA: A significant partnership bridging Japan and the European Union.
- Japan - UK CEPA: Tailoring trade benefits specifically between Japan and the United Kingdom.
- RCEP (Regional Comprehensive Economic Partnership): A comprehensive agreement among Asian and Pacific nations.
- TPP11 - CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership): A landmark agreement among Pacific Rim countries.
- Japan - US Trade Agreement: Fostering closer economic ties between these two major economies.
- Japan - Australia EPA: Strengthening the economic relationship between Japan and Australia.
How SK Advisory Can Assist You
At SK Advisory Inc., we specialize in guiding clients through the application of FTA/EPA preferential tariff treatments. Our services are designed to simplify the process and reduce customs duties as mandated by Japan Customs.
Our Process:
- Client’s Responsibility: Provide us with detailed information about your imported products.
- Our Role at SK Advisory Inc: We lead the preparation of all necessary documentation for your FTA/EPA application, ensuring compliance and accuracy.
By partnering with SK Advisory, you entrust your FTA/EPA applications to seasoned customs professionals. This not only ensures peace of mind but also enhances your trade compliance and operational efficiency.
| Clients | SK ADVISORY | |
|---|---|---|
| 1.HS Code Confirmation for Import Products | - Provide product information. | - Verify the appropriate HS Code. |
| 2.Duty Rate Confirmation | - | - Check the standard duty rate. - Compare with EPA/FTA preferential duty rates. |
| 3.Rule of Origin Confirmation | - | - Confirm the Product Specific Rule (PSR). |
| 4.Documentation for FTA/EPA Preferential Tariff Treatment | [Overview] - Bills of Materials for finished goods. - Manufacturing flow and assembly documents. [CTC - Change in Tariff Classification] - Bill of material, parts information, and purchase price (if De minimis applies). [VA - Value Added] - FOB price for exported goods. - Purchase price for used materials. [Supplier Declaration] - Communication with suppliers | [Overiew] - Planning of best approach [CTC - Change in Tariff Classification] - Planning for grouping of materials. - HS classification for used materials. - Evidence documentation (HS Comparison Sheets). [VA - Value Added] - Verify sales price for import goods and purchase price for materials. - Evidence documentation (Calculation Sheets). [Supplier Declaration] - Preparation of Supplier Declaration format and explanatory notes for submission to Manufacturer or Exporter. |
| 5.Application of FTA/EPA Preferential Tariff Treatment | - Send prepared application documents to Forwarder or Customs Broker in Japan. | - Support in responding to inquiries from Japan Customs on behalf of the client. |
Contact
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Reference
- Japan - EU EPA: Japan Customs Portal for Japan EU - guideline, manual, format of origin declaration
- Japan - UK CEPA: Japan Customs Portal for Japan - UK - guideline, manual, format of origin declaration
- RCEP: Japan Customs Portal for RCEP- guideline, manual, format of origin declaration
- TPP11 - CPTPP: Japan Customs Portal for TPP 11, CPTPP - guideline, manual, format of origin declaration
- Japan - US Trade Agreement: Japan Customs Portal for Japan - USA - guideline, manual, format of origin declaration
- Japan - Australia EPA: Japan Customs Portal for Japan - Australia - guideline, manual, format of origin declaration