If you’re involved in exporting goods from the European Union to countries that have preferential trade agreements with the EU, you’ve likely heard of a “Rex number.” Rex stands for “Registered Exporter,” and having a Rex number can provide significant benefits to exporters, including reduced or eliminated customs duties.
So, what exactly is a Rex number and how do you get one? Here’s what you need to know.
What is a Rex number?
A Rex number is a unique identification number that is assigned to exporters who are registered with the European Commission as “Registered Exporters.” This registration is required for exporters who want to claim preferential tariffs when exporting goods to countries that have a trade agreement with the EU.
Essentially, having a Rex number allows exporters to certify the origin of their goods themselves, rather than having to obtain a certificate of origin from a third-party organization. This can save time and money, as well as eliminate the risk of delays or errors in obtaining the necessary documentation.
How do you get a Rex number?
To obtain a Rex number, you must first register with your national customs authority. The process for registration may vary slightly depending on your country, but generally involves submitting an application and supporting documentation, such as proof of your business registration and tax identification number.
Once your application is approved, you will be issued a Rex number, which you will need to provide on all export documentation. You will also be required to keep detailed records of your exports, including the origin of the goods and any applicable preferential tariffs claimed.
What are the benefits of a Rex number?
Having a Rex number can provide several benefits for exporters. These include:
Reduced or eliminated customs duties: By certifying the origin of your goods using your Rex number, you may be eligible for reduced or eliminated customs duties when exporting to countries that have a trade agreement with the EU.
Streamlined export procedures: With a Rex number, you can certify the origin of your goods yourself, eliminating the need to obtain a certificate of origin from a third-party organization. This can save time and money, as well as reduce the risk of errors or delays in the export process.
Competitive advantage: Having a Rex number can give you a competitive advantage over other exporters who do not have one, as it allows you to claim preferential tariffs that may not be available to non-registered exporters.
Obtaining a Rex number can provide significant benefits for exporters who are exporting goods to countries that have a trade agreement with the EU. By certifying the origin of your goods using your Rex number, you may be eligible for reduced or eliminated customs duties, streamlined export procedures, and a competitive advantage in the marketplace. To learn more about Rex registration and how it can benefit your exporting business, contact your national customs authority or speak to a trade specialist.