The Registered Exporter System (the REX System) is the system of Certificate of Origin of Goods that applies in the Generalized System of Preference (GSP) of the European Union and observance of the same is mandatory for all exporters to the European Union Countries. Kamal Shahryar, Consultant TDAP on Wednesday said this while addressing a seminar on REX at the Lahore Chamber of Commerce and Industry (LCCI) under the auspices of Trade Development Authority of Pakistan (TDAP), Lahore.
Kamal also said that this system is based on the principle of self certification by economic operators who by themselves will be able to make out "Statements of Origin." To be eligible to make out the Statement of Origin, an economic operator will have to be registered into the EU data base by TDAP, Kamal said and added that the REX System will progressively and completely replace the current System of Origin Certification based on Certificates of Origin issued by TDAP.
It is worth mentioning here that this system will cover all of Pakistan's exports to the EU that comprise 32 percent of Pakistan's total exports. It is also notable that Pakistan is required to switch completely to the REX system by the end of 2017. A large number of exporters attended the seminar.