NEW
YORK, April 24, 2024 /PRNewswire/ -- The United
States Council for International Business (USCIB), the national
guaranteeing and issuing association for the ATA Carnet in
the United States, has announced
that both the Kingdom of Saudia
Arabia and the Republic of the
Philippines have joined the ATA Carnet system. These
countries join a growing list of over 80 countries and customs
territories that process the ATA Carnet.
ATA Carnets are critical tools of trade facilitation and export
promotion. The ATA Carnet is an international customs document that
allows duty- and tax-free temporary admission of goods for up to
one year.
ATA Carnet operations in Saudia
Arabia will begin on June 1,
2024 and include Carnets for use at exhibitions, fairs,
meetings, and similar events.
The Philippines will begin
accepting Carnets on July 15, 2024.
The scope of Carnet acceptance will include exhibitions, fairs,
meetings, professional equipment, and commercial samples.
"USCIB is delighted that Saudia
Arabia and the Philippines
will be joining the ATA Carnet System this summer," said USCIB
Chief Operating Officer Declan
Daly. "The Middle East
and Southeast Asia are significant
markets for USCIB members and we look forward to working with our
counterparts—the Federation of Saudi Chambers and the Philippines Chamber of Commerce and
Industry—to expand trade in these regions."
The global ATA Carnet system is overseen and managed by the
Paris-based International Chamber
of Commerce World Chambers Federation (ICC-WCF). USCIB
administers the ATA System in the United
States.
About USCIB
USCIB promotes open markets, competitiveness and innovation,
sustainable development and corporate responsibility, supported by
international engagement and regulatory coherence. Its members
include U.S. based global companies and professional services firms
from every sector of the economy, with operations in every region
of the world, generating $5 trillion
in annual revenues and employing over 11 million workers worldwide.
As the U.S. affiliate to several leading international business
organizations, including the ICC, IOE, and Business at OECD, USCIB
provides business views to policy makers and regulatory authorities
worldwide and works to facilitate international trade and
development.
USCIB is also the National Guaranteeing and Issuing Association
for ATA Carnets in the United
States, having been appointed as such by the Department of
Treasury, now U.S. Customs and Border Protection (CBP), in 1969.
More at www.uscib.org.
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SOURCE United States Council for International Business
(USCIB)