REX Number: What is it and its importance in international trade?

In a globalized world, efficiency in international trade is crucial for business success. The REX Number, registered exporter system, presents itself as a significant solution in this context.

This detailed guide focuses on explaining what the REX Number is, how it can be obtained, and the benefits it offers in international trade to both exporters and importers.

In addition, we will see how Across Logistics can be your strategic partner in managing international logistics challenges. Let’s get started!

What is the REX Number

The REX Number, formally known as the Registered Exporter System, is an identification issued to exporters by the customs authorities of the European Union.

This system allows exporters to self-declare the origin of their goods for exports to countries with which the EU has preferential trade agreements.

By using the REX Number, exporters can issue origin declarations themselves, eliminating the need to obtain pre-export certificates of origin.

Importance of the REX Number in international trade

The implementation of the REX Number has revolutionized international trade by simplifying customs procedures and reducing border waiting times.

This is crucial for companies operating in multiple international markets, as it facilitates a more agile and efficient supply chain.

In addition, by strengthening transparency and confidence in the verification of the origin of goods, the REX Number also contributes to the security of international trade, enabling better traceability of products and increasing confidence among trading partners.

Requirements to obtain a REX Number

Obtaining a REX Number is a process that varies from country to country, but generally follows a series of internationally standardized steps.

Here are the most common requirements:

Formal registration: The exporter must register with the competent authority in his country, which in many cases is the national customs or a foreign trade agency.

–Corporate information: Complete information about the company should be provided, including name, address, and contact details.

–Legal documentation: Copies of the company’s legal documentation, such as business licenses and other operating permits.

-Descriptionof goods: A detailed list of the products to be exported, including their correct tariff classification.

–Proof of origin: Documentation certifying the origin of the goods, necessary to determine eligibility under free trade agreements.

Verification and Approval: Once the application has been submitted, the authorities may perform additional verifications before granting the REX Number.

REX Number: Upon approval, a unique number is assigned to the exporter to be used in all international transactions.

These steps ensure that only legitimate and well-established exporters can benefit from the advantages of the REX Number, thus contributing to safer and more efficient international trade.

REX Number Benefits for Exporters and Importers

The REX Number offers a variety of benefits that facilitate international trade for both exporters and importers. Here we highlight the most relevant ones:

Agility in customs processes: Self-declaration of origin allows for faster customs clearance, avoiding delays at borders.

Cost reduction: Eliminates the need for costly certificates of origin and reduces the administrative costs associated with exporting and importing.

Preferential market access: Allows exporters to benefit from reduced tariffs or exemptions in countries that have trade agreements with the EU.

Increased competitiveness: Facilitates greater competitiveness in international markets by reducing regulatory burdens and improving delivery times.

Security and trust: Increases security and confidence in commercial transactions by providing a verified and internationally recognized system.

These benefits not only optimize logistics operations, but also improve the strategic position of companies in the global marketplace.

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How to use the REX Number in export and import operations

Effective use of the REX Number in international trade can significantly simplify export and import operations. Here we explain how:

Commercial documentation: Include the REX Number on relevant commercial documentation, such as invoices and packing lists, where you must include a declaration of the origin of the goods.

Declaration of origin: When exporting, issue a declaration of origin in the documents accompanying the goods, specifying that the products comply with the rules of origin of the applicable preferential agreement.

Communication with importers: Inform importers about your REX Number so that they can take advantage of tariff benefits on their imports. Make it easy to understand how they can use the declaration of origin you provide to speed up their import processes and benefit from tariff reductions or exemptions.

Staff training: It is crucial that staff involved in exporting and importing are well trained in the use of the REX Number and understand the importance of its correct implementation in trade documentation.

Monitoring and auditing: Implements regular monitoring and auditing processes to ensure that declarations of origin and use of the REX Number remain accurate and up to date with current regulations.

Use in digital platforms: Integrate the REX Number into digital trading and logistics platforms to ensure a consistent and verifiable flow of information throughout the supply chain.

By implementing these practices, exporters and importers can maximize the benefits of the REX Number, ensuring more efficient management and compliance with international regulations.

Across Logistics, your trusted partner in international logistics

Across Logistics offers a wide range of international logistics services designed to support companies in their global expansion and operations. Here we highlight how we can be of service to you:

Customized services: We offer tailor-made solutions ranging from sea and air freight to customs and warehousing management, suitable for any type of cargo.

Supply chain optimization: We use advanced technology and our experience to optimize each stage of the supply chain, improving efficiency and reducing costs.

Regulatory compliance and advice: Our in-depth knowledge of international regulations ensures that your operations comply with all relevant laws and regulations, avoiding delays and penalties.

Facilitated global expansion: We help you navigate the challenges of global trade, from REX Number implementation to more complex new market entry strategies.

At Across Logistics, we are committed to being your trusted partner, ensuring that your business moves smoothly across international borders.