Taiwan Monitoring Exports to Avoid Transshipment Problems
FEATURE
Taiwan Monitoring Exports to Avoid Transshipment Problems
The Taiwan Fastener Trading Association notified members that the Taiwanese Bureau of Foreign Trade is examining certificates of origin for fasteners exported to Europe since July 2014.
Starting last October, Taiwan manufacturers applying for certificates of origin for exports to the EU must comply with certificate of origin regulations and processing approvals, plus comply with relevant notifications for the issuance of certificate of origin, Fastener World reported. That should eliminate suspicion from EU’s member states over the certificate of origin issued by Taiwanese government.
• The European Anti-Fraud Office claimed in 2010 that millions of Euros worth of China-made goods were being marketed as Malaysian by using the Port Klang Free Zone transshipment hub, where imported goods are transferred to another container and re-exported using the invoice of a Malaysian company.
Stainless steel fasteners could be part of the effort to evade tariffs, with Chinese firms reportedly using Malaysia to avoid European antidumping laws.
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