What is Country of Origin
The country of origin of a product refers to the country where the product has been manufactured or produced. It can also refer to the country where the product has undergone the last substantial processing or manufacturing step that gave the product its final form, quality, or value.
The country of origin can be crucial in international trade due to various trade agreements and regulations that govern customs, duties, and trade preferences between countries. In some cases, it may be necessary to determine the country of origin of a product to qualify for customs reductions or exemptions according to trade agreements between countries.
It is important to ensure that the country of origin is correct, as incorrect origin may lead to consequences in the supply chain. If a buyer relies on a product having a specific origin to manufacture another product, incorrect origin can cause adverse economic consequences for both buyer and seller. Therefore, it is important to ensure that the origin of products is accurate to avoid such issues in international trade.