Genesis is a platform developed by the International Chamber of Commerce as a digital tool for validating preferential origin in response to the increasing number of Free Trade Agreements.
With Free Trade Agreements allowing self-certification, Genesis is a way of proving that the goods being exported qualify for preference. Exporters can apply to Business West Chamber of Commerce, as an independent third party, to obtain the Genesis validation of their origin statement on invoice declarations.
Benefits of Genesis:
- Reliable verification tool for exporters, importers and customs authorities
- Reduce human error risks, fraud risks and costs
- Facilitate smoother customs checks
- Legal and cost liability is with importer, without an independent third party certifying these trade documents
How does it work:
- An exporter applies online through Genesis to Business West Chamber of Commerce
- Exporter uploads their commercial invoice and declares the preferential origin on the invoice declaration
- Business West Chamber of Commerce carries out the validation and certifies the invoice declaration
- The exporter received certification of invoice declaration.
- The invoice declaration can be checked by importing customs. The importer, who is liable for paying duties and taxes on imported merchandise, can also check the declaration.
Contact the international trade team for more information on Genesis.