How to determine the Country of Origin
Many people are aware of the term “country of origin”, also known as COO. This is typically due to the country of origin being stamped, marked, or labeled on the products you currently buy or sell. In fact, the United States requires most imports to be labeled with the country of origin to ensure that the end user is aware of the COO.
Right now I am sure that some of you have several questions in your mind that you would like answered. One of those being, what is country of origin?
Country of origin is the country in which goods are manufactured, or otherwise produced.
Pretty easy, right? Not necessarily. Determining the country of origin is not always as straightforward as one might think. Many products contain components that are produced or manufactured in multiple countries. If this is the case for some, or all of your products the country of origin is the country in which the final assembly took place.
So now that you have determined the COO for the goods you sell, how is knowing the country of origin relevant for you and your international customers?
Country of origin is very important when selling your products internationally due to international customs, duties and tariffs. The country of origin can also allow goods to be imported into certain countries duty free. Keeping your international customers informed of their total landed cost, including duty free items can drastically increase your international conversion.
You can read other posts on our blog to learn more about landed cost, duty, tax, customs and free trade agreements and how they can increase your sales and improve your international customers experience. If you would like to learn more about iGlobal Stores and how we can help your business with these items and more, feel free to contact us.