The country of origin is the country where the item has been:
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produced, or
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undergone its last substantial transformation that gives the item its final form, function, or value.
Country of origin is used for:
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Risk assessments in the supply chain (Transparency Act)
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Statistics and reporting
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Customs and duty calculation
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Future requirements for digital product passports
In NOBB Supplier, the Country of Origin field is shown under Item Data / Item Details.