REX System Explained:
Comprehensively outline two crucial systems for international trade, particularly concerning the European Union: the Registered Exporter System (REX) . The REX system is presented as a self-certification mechanism allowing registered exporters to declare the origin of their goods, streamlining customs processes and enabling preferential tariff treatment under schemes like the Generalised System of Preferences (GSP) and various Free Trade Agreements (FTAs).
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