A port in Busan is seen in this file
photo taken on April 1. Yonhap
Korea's trade industry said Thursday it has agreed with the United
States to launch an electronic certification system (eCERT) for the export and
import processing of steel products.
The agreement will connect the eCERT, operated by the U.S. Customs and
Border Protection, with the Korea Iron & Steel Association's export quota
management system, according to the Ministry of Trade, Industry and Energy.
When the association submits export approval certificates through the
platform, the U.S. will compare them with import declarations and proceed with
customs clearance. The results will be sent to the association, allowing it to
check the status on a real-time basis.
"While it previously took more than a week for exporters to verify
the customs clearance status through U.S. importers, they can now check the
status with a single click," Deputy Minister for FTA Negotiations Roh
Keon-ki said.
"The system is expected to significantly enhance exporters'
convenience and predictability." (Yonhap)