Under the terms of the EU-Korea FTA agreement; European suppliers must gain ‘Approved Exporter’ (AE) status in order to export consignments over €6,000 to South Korea, and in doing so benefit from preferential tariffs. Unlike other FTA agreements, the EUR1 form is not accepted under the terms of the EU-Korea FTA Agreement. Instead it stipulates that if a shipment is valued over €6,000, the exporter must have ‘Approved Exporter’ (AE) status and must instead make an origin declaration directly on to an invoice or other commercial document (packing list or consignment note), detailing their Customs Authorisation Number. Please note that a Bill of Lading is not suitable and should not be used for this purpose. Additionally, in most cases it is preferable to make the declaration onto an official invoice. For orders under €6,000 the supplier is still required to make a declaration of origin, but Approved Exporter (AE) status may not be required. Please read the below sections for more information. For more information on the specifics of the Korea-EU FTA Agreement, please visit the Korea Customs Service’s website here. AE Status is also not to be confused with the Declaration of Bottling & Origin documentation needed for import into South Korea, a company’s EORI number or a product’s HS Code. These are separate documents and/or numbers. Regardless of order size and monetary value; a declaration of origin must be made onto an official invoice. Below are two examples of scenarios likely to be applicable to most suppliers;