Asuncion, IP Agency.- Exports under the Certificate of Origin increased by USD 198 million compared to July, reaching a value of more than USD 902 million. A total of 1.5 million tons of products were sent abroad under the Certificate of Origin in August, according to the Single Export Window (VUE).
According to the latest report, the American continent continues to lead as the main destination for Paraguayan shipments, receiving products worth more than USD 700 million. Among the countries, Argentina stands out, with USD 327 million, followed by Brazil, with a total of USD 194 million.
The same is true for the Chilean market, with USD 90 million; the United States, with USD 25 million; and Peru, with an amount of USD 17 million.
Another continent receiving national shipments in August is Eurasia, which was valued at USD 105 million. Within this block, the participation of Russia stands out, with USD 36 million, and the Netherlands, with USD 32 million.
The Asian continent could not be left out either, with imports of USD 89 million. With a concentration in countries such as Taiwan, with USD 24 million; Israel, with USD 21 million, and Hong Kong, with USD 15 million.
Also in the eighth month of the year, products under Certificate of Origin were sent to the African continent, for a value of USD 6 million, and to Oceania, for USD 438,247.
What is the Certificate of Origin?
The Certificate of Origin for Export is an important document for final producers and exporters, as it declares under oath that the merchandise destined for export complies with the established rules of origin.
Furthermore, this certificate not only offers tariff benefits in the destination country, but also allows you to take advantage of the available import quota. Furthermore, the certificate is valid for 180 days from the date of issue, in accordance with what is established in each trade agreement.
The cost of the document varies according to the invoice presented by the company, and can range from 1 to 7 days’ wages. Payment is made electronically, providing greater convenience and efficiency in the process.
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2024-09-08 18:44:28
what are the exports in paraguay?
Table of Contents
Paraguay’s Export Economy: A Growing Force in the Global Market
Paraguay, a small landlocked country in South America, has been making significant strides in its export economy. With a total value of over USD 902 million in August alone, the country’s exports under the Certificate of Origin have increased by USD 198 million compared to July. This growth is a testament to Paraguay’s commitment to trade and its efforts to diversify its export markets.
Top Exports of Paraguay
According to the Observatory of Economic Complexity (OEC) [[1]], the top exports of Paraguay are:
- Electricity, with a value of USD 1.66 billion
- Soybeans, with a value of USD 1.23 billion
- Corn, with a value of USD 1.09 billion
- Bovine Meat, with a value of USD 886 million
- Frozen Bovine Meat, with a value of USD 853 million
Other principal exports of Paraguay include meat products, wheat, corn (maize), and hydroelectricity [[2]]. These exports play a crucial role in the country’s economy, with the agriculture sector being a significant contributor to its GDP.
Export Destinations
Paraguay’s exports are not limited to one region or continent. The country has a diverse range of export destinations, with the American continent leading the way. In August, the American continent received products worth more than USD 700 million, with Argentina, Brazil, Chile, the United States, and Peru being the top destinations.
Other continents that received Paraguayan shipments include Eurasia, with a value of USD 105 million, and Asia, with a value of USD 89 million. Africa and Oceania also received products, with values of USD 6 million and USD 438,247, respectively.
The Certificate of Origin
The Certificate of Origin for Export is an essential document for final producers and exporters in Paraguay. It declares under oath that the merchandise destined for export complies with the established rules of origin. This certificate provides assurance to importers and customs authorities that the products meet the required standards and regulations, facilitating the smooth flow of trade.
Growing Trade Partnerships
Paraguay’s growing export economy is a result of its efforts to strengthen trade partnerships with other countries. The country’s trade agreements with nations like Brazil, Russia, and Taiwan have opened up new markets and opportunities for its exports.
Paraguay’s export economy is a key driver of its economic growth, with a diverse range of products and destinations. The country’s commitment to trade and its efforts to strengthen trade partnerships will continue to play a vital role in its economic development.
References:
[[1]]https://oec.world/en/profile/country/pry
[[2]]https://www.britannica.com/place/Paraguay/Trade
[[3]]https://www.infomercatiesteri.it/scambicommerciali.php?idpaesi=51
CERTIFICATE of origin GSP Form A
Understanding the Certificate of Origin: A Key Document for International Trade
In today’s globalized economy, international trade plays a vital role in the growth and development of businesses and countries. One crucial document that facilitates international trade is the Certificate of Origin. In this article, we will delve into the world of Certificates of Origin, exploring their significance, benefits, and how they work.
What is a Certificate of Origin?
A Certificate of Origin is a document that certifies the country of origin of a product or goods. It is an essential document for exporters, as it declares under oath that the merchandise destined for export complies with the established rules of origin [1[1]. In simpler terms, it proves that the goods originated from a specific country, making it easier for importers to comply with regulations and tariffs.
How Does a Certificate of Origin Work?
The process of obtaining a Certificate of Origin typically involves the following steps:
- Application: The exporter submits an application to a recognized certification body or chamber of commerce, providing necessary documents and information about the goods.
- Verification: The certification body verifies the information and conducts an inspection to ensure that the goods meet the rules of origin.
- Issuance: The certification body issues the Certificate of Origin, which includes details about the goods, including their origin, description, and value.
Benefits of a Certificate of Origin
A Certificate of Origin offers several benefits to exporters, importers, and governments:
- Tariff Advantages: Certificates of Origin can help exporters qualify for preferential tariffs, reducing costs and increasing competitiveness.
- Compliance: It ensures compliance with regulations and laws, reducing the risk of penalties and fines.
- Market Access: Certificates of Origin can facilitate market access to countries with specific regulations or requirements.
- Increased Efficiency: It simplifies customs procedures, reducing paperwork and clearance times.
Real-World Examples
Paraguay’s exports with a Certificate of Origin reached $787 million in July 2024, with 1.2 million tonnes of goods exported [2[2]. In another example, Paraguay’s import requirements include specific documentation for each import shipment, including a commercial receipt, Certificate of Origin, and cargo manifest [3[3].
Conclusion
the Certificate of Origin is a vital document that plays a crucial role in international trade. It provides a way to prove the origin of goods, facilitating trade and reducing costs. Understanding the concept, process, and benefits of a Certificate of Origin can help exporters, importers, and governments navigate the complex world of international trade.
