Nepal Chamber of Commerce starts online system for issuing certificate of origin
KATHMANDU: Nepal Chamber of Commerce (NCC) has started online system for issuing the Certificate of Origin (CO). Secretary of the Ministry of Industry, Commerce and Supplies Kedar Bahadur Adhikari and NCC President Rajesh Kazi Shrestha jointly inaugurated the new system at the chamber secretariat.
NCC said that the development of online system has ushered in the export business to the digitised age with simple, efficient and fast services.
CO is a document that declares that certain products had met the criteria to be originated from a country. It is mandatory in the international trade.
Speaking at the launching ceremony, Adhikari expressed his confidence that the NCC would issue CO as per the policy and rules.
He said that the online system would make the export monitoring easy and fast. “All the services of Nepal Rastra Bank, Department of Customs and banks have entered into the digital practices, and the online issuance of CO will be another important step,” he said.
Shrestha said that the online system would reduce the number of papers and documents needed for the international trade. “It will reduce the cost and time which will contribute in making the Nepali products more competitive in the international markets,” he said.
He also said that the NCC would organise training and workshops on the use and utility of the new system.
Published Date: Friday, July 19th, 2019 | 06:25 PM