Complaint

Complaint number
NTB-000-788  
NTB Type
2.3. Issues related to the rules of origin  
Complaint
Ethiopian banks are requiring invoices for sales to Ethiopian customers to be stamped by a Chamber of Commerce in Egypt as validation for letters of credit, which is contrary to COMESA rules. Indeed, as per Rule 10 of the COMESA Protocol on Rules of Origin, the only documentary evidence to demonstrate that a good originates from a COMESA Member State is a certificate of origin (not invoices). Consequently, any company should be able to issue an invoice from any country inside or outside the COMESA region, as long as the origin of the products themselves is correctly documented according to COMESA rules through a certificate of origin. Ethiopian banks should comply with Rule 10 of the COMESA Protocol on Rules of Origin and stop requiring invoices to be stamped by predetermined entities (including, inter alia, by a Chamber of Commerce in Egypt).  
Progress update note
 
Policy or regulatory NTB
No 
Location
Ethiopia: All Ethiopian banks. (Non-government institution)  
Reporting Country or Region
Egypt  
Date of incident
2017-06-01  
Status
New  
Product Description
 
Total value
0  
Date reported
2017-11-02 10:35  
Modified
2017-11-02 10:35