Japan's 6th bi-lateral EPA with Brunei (JBEPA) will enter into force on July 31, 2008. With this EPA, both import and export with Brunei will be 99.9% zero duty within 10 years.
For Japan, majority of import from Brunei are crude oil and natural gas, and Japan is the number 1 trade country for Brunei. The export to Brunei from Japan are automobile and its parts, more than 70% of export amount is auto-mobile related trade.
JBEPA is similar EPA with other countries in South East Asia. There are two points to take note for this JBEPA, which are the key areas in trade operation.
1) Duty rate reversal with MFN rate
As the EPA negotiation have been done for some years, MFN duty rate of some items have been lowered, then some EPA duty rate are consequently higher than MFN rate. However, with special clause in Japan-Brunei EPA, the EPA rate would b e automatically lowered to same rate as MFN in such a case. People may miss this point, because other bi-lateral EPA with Mexico, Malaysia, Chile, and Thailand don't have such special clause. Thus, people who wish to make use of EPA rate are encouraged to investigate the current MFN rate. Although EPA rate would be reduced to same level as MFN, the time and cost to get EPA Country of Origin documents are troublesome for business operation.
For information in such duty rate reversal, MOF web site provide reversal item list in following web site. http://www.mof.go.jp/jouhou/kanzei/fta_epa/seido_tetsuduki/gyakuten.htm
2) The tariff code for this EPA is based on HS code 2002 version. In Japan, current customs declaration is based on updated HS code 2007 version. The JBEPA continues to be based on HS 2002 code on its country of origin document. If companies apply JBEPA tariff, they need to take care the Country of Origin document, which is mandatory to submit to customs, must show with HS code of 2002. The Japan Chamber of Commerce and Industry handle the issue of Country of Origin documents and they are open to any questions relating to this tariff classification matter.
In addition, in MOF web site, they provide a kind of conversion table of 2002-2007 HS code by each EPA in following web site.
http://www.mof.go.jp/jouhou/kanzei/fta_epa/seido_tetsuduki/hs_code.htm
For Japan, majority of import from Brunei are crude oil and natural gas, and Japan is the number 1 trade country for Brunei. The export to Brunei from Japan are automobile and its parts, more than 70% of export amount is auto-mobile related trade.
JBEPA is similar EPA with other countries in South East Asia. There are two points to take note for this JBEPA, which are the key areas in trade operation.
1) Duty rate reversal with MFN rate
As the EPA negotiation have been done for some years, MFN duty rate of some items have been lowered, then some EPA duty rate are consequently higher than MFN rate. However, with special clause in Japan-Brunei EPA, the EPA rate would b e automatically lowered to same rate as MFN in such a case. People may miss this point, because other bi-lateral EPA with Mexico, Malaysia, Chile, and Thailand don't have such special clause. Thus, people who wish to make use of EPA rate are encouraged to investigate the current MFN rate. Although EPA rate would be reduced to same level as MFN, the time and cost to get EPA Country of Origin documents are troublesome for business operation.
For information in such duty rate reversal, MOF web site provide reversal item list in following web site. http://www.mof.go.jp/jouhou/kanzei/fta_epa/seido_tetsuduki/gyakuten.htm
2) The tariff code for this EPA is based on HS code 2002 version. In Japan, current customs declaration is based on updated HS code 2007 version. The JBEPA continues to be based on HS 2002 code on its country of origin document. If companies apply JBEPA tariff, they need to take care the Country of Origin document, which is mandatory to submit to customs, must show with HS code of 2002. The Japan Chamber of Commerce and Industry handle the issue of Country of Origin documents and they are open to any questions relating to this tariff classification matter.
In addition, in MOF web site, they provide a kind of conversion table of 2002-2007 HS code by each EPA in following web site.
http://www.mof.go.jp/jouhou/kanzei/fta_epa/seido_tetsuduki/hs_code.htm
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