A Certificate of Origin (CO) is an important international trade document that certifies that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country. They declare the ‘nationality’ of the product and also serve as a declaration by the exporter to satisfy customs or trade requirements.
Millions of COs are issued every year, facilitating trade around the world. Since as early as 1898, Chambers of commerce have been issuing non-preferential COs and more recently, closely working with Customs authorities, issuing preferential COs.
The 1923 Geneva Convention and subsequent Kyoto Convention have seen governments formally recognize the important role chambers play in this domain, deeming them competent authorities and credible trusted third-parties in the issuance of COs.