What is an EUR.1 and Why Do You Need It for Exporting Goods?

• What is EUR1 Certificate?
  • Validity and Record-Keeping
• How to Apply for a Movement Certificate EUR1?
  • How Much Does It Cost to Issue an EUR1?
  • What are the Benefits of EUR.1?

What is EUR1 Certificate?

The EUR1 certificate is a trade document that facilitates the movement of goods between the European Union (EU) and countries that have a trade agreement with the EU. It is a form of a preferential certificate of origin that allows goods to be imported into a country with reduced or zero customs duty.

The certificate provides evidence that the goods being exported originate from the EU and meets the required rules of origin criteria for preferential treatment. This means that the goods must either be wholly produced in the EU or have undergone sufficient processing in the EU to qualify for preferential tariff rates.

The EUR1 certificate can be issued by the exporter or by an authorized body such as a chamber of commerce. It is usually required by the importing country's customs authority to claim preferential tariff treatment.

The EUR1 certificate is just one of the many trade documents required for international trade, and its use depends on the specific trade agreement in place between the EU and the importing country.

Validity and Record-Keeping

The validity of an EUR1 certificate depends on the specific trade agreement between the EU and the importing country. Generally, the certificate is valid for a certain period, which can vary from one agreement to another. It is important to check the specific rules and requirements of the trade agreement to determine the validity period of the EUR1 certificate.

In terms of record-keeping, both the exporter and the importer should keep a copy of the EUR1 certificate for a certain period, which again can vary depending on the trade agreement.

This is to ensure that the certificate can be presented to customs authorities in case of any dispute or audit. It is recommended that the records be kept for at least three years after the import of the goods. The specific rules and requirements for record-keeping can also vary depending on the country of import and the nature of the goods being traded, so it is important to check the relevant regulations.

How to Apply for a Movement Certificate EUR1?

To apply for an EUR1 certificate, the exporter should follow these general steps:

Check the Eligibility: Ensure that the goods qualify for the preferential tariff treatment under the specific trade agreement between the EU and the importing country.

Obtain the Necessary Documentation: Gather all the necessary documents, such as invoices, bills of lading, and proof of origin.

Fill out the EUR1 Certificate: The certificate can be obtained from a chamber of commerce or a customs authority. Fill out the form accurately and completely, providing all the necessary information, including the exporter's details, the importer's details, the description of the goods, and the country of origin.

Submit the Application: Submit the completed EUR1 certificate application along with all the necessary documents to the authorized body, which could be a chamber of commerce or a customs authority. The fee for processing the certificate may also be required.

Await Approval: The authorized body will review the application and the supporting documents and may ask for additional information if necessary. Once approved, the EUR1 certificate will be issued to the exporter.

It is important to note that the process for obtaining an EUR1 certificate may vary depending on the specific trade agreement and the country of export. Therefore, it is always advisable to check with the relevant authorities and follow their guidelines to ensure compliance.

You may also want to read about: A Simple Guide to Calculate Your Import Duties from Turkey.

How Much Does It Cost to Issue an EUR1?

The cost to issue an EUR1 certificate can vary depending on the country where the certificate is issued and the organization that issues it. Generally, the cost of issuing an EUR1 certificate is determined by the fees charged by the authorized body responsible for issuing the certificate, such as the chamber of commerce or customs authority.

The fees can vary from country to country and also depend on the quantity and value of goods being traded. In addition to the issuance fee, there may also be additional costs associated with obtaining other trade documents or paying for shipping and handling.

Roughly speaking, member rate fees start from £26.60 and non-member fees start from £53.30. You can pay by debit/credit card or cheque payable to Chamber International.

What are the Benefits of EUR.1?

There are several benefits of using an EUR.1 certificate for trade between the European Union (EU) and countries that have a trade agreement with the EU:

• Reduced Customs Duties: One of the primary benefits of an EUR.1 certificate is that it allows the importer to claim a reduced or zero customs duty on the goods being imported, as the certificate provides evidence that the goods meet the required rules of origin criteria for preferential treatment.
• Increased Competitiveness: By reducing or eliminating customs duties, the use of an EUR.1 certificate can make goods from the EU more competitive in the importing country's market, as they can be sold at a lower price than goods from countries without a trade agreement.
• Simplified Customs Procedures: The use of an EUR.1 certificate can also simplify customs procedures, as the certificate provides evidence of the origin of the goods and may reduce the need for further documentation or verification.
• Improved Trade Relations: The use of trade agreements and certificates such as the EUR.1 can help to improve trade relations between countries, as they promote transparency, predictability, and fairness in trade.