BOC and PCCI Launch ATA Carnet System in the Philippines

In a significant step for Philippine trade, the Bureau of Customs (BOC) and the Philippine Chamber of Commerce and Industry (PCCI) officially launched the ATA Carnet, also known as the “Passport for Goods,” at The Manila Hotel on July 15, 2024.

This new system allows businesses and professionals to temporarily export and import exhibition items, professional equipment, and commercial samples without incurring import duties or taxes, provided the goods are fully re-exported. With the Philippines now the 81st country to implement the ATA Carnet system, this initiative is poised to enhance trade efficiency and strengthen the country’s position in the global marketplace.

The event was attended by esteemed representatives from various organizations, including the International Chamber of Commerce Philippines, International Chamber of Commerce World ATA Council, Department of Finance, Department of Trade and Industry, and numerous key associations and industry leaders. Their presence underscores the collaborative effort behind this initiative.

In his remarks, Commissioner Bienvenido Y. Rubio highlighted the transformative potential of the ATA Carnet, emphasizing its role in simplifying processes for businesses and enhancing the Philippines’ global competitiveness.

The ATA Carnet system will be managed by the PCCI, ensuring that businesses across the country can easily navigate this new opportunity. The introduction of this system is expected to yield numerous benefits, including increased participation in international fairs and exhibitions, greater ease for professionals traveling with equipment, and a significant reduction in the administrative burden associated with temporary imports.

The successful launch of the ATA Carnet is a testament to the collaborative efforts of the BOC, PCCI, and other key stakeholders in fostering a dynamic business environment in the country. The BOC is fully committed to supporting this system and will continue to implement measures that facilitate trade and promote economic growth, ensuring that the ATA Carnet operates effectively and serves the needs of the Philippine business community.

By: BOC | 09Sept2024

Source: BOC and PCCI Launch ATA Carnet System in the Philippines – Bureau of Customs

Trending Topics and Expert Insights

Warfare in the Red Sea disrupts global trade

As the conflict in the Middle East simmers on, companies are increasingly avoiding the Red Sea trade route.
ictsi

ICTSI Manila receives next-generation cranes

International Container Terminal Services, Inc. (ICTSI) has significantly upgraded its ability to handle foreign ultra-container vessels with the recent arrival of three new quay cranes at its flagship Manila International Container Terminal (MICT). Manufactured by Shanghai Zhenhua Heavy Industry Co. Ltd. (ZPMC), the arrivals include two Panamax with a reach of 18 rows across for Berths 3 and 4, and one post-Panamax with a reach of 20 rows across to be deployed at Berth 7. The new cranes expand MICT's fleet to 18 quay cranes - the largest in the Philippines - and will be put into operation after commissioning, enabling yet faster turnaround times at the country's premiere international trade gateway.
Keybridge

Baltimore port, key East Coast maritime lane, is set to reopen following bridge collapse

Less than three months after the main spans of the Francis Scott Key Bridge became a mangled wreck in the Patapsco River, they are now almost entirely gone. And so the 700-foot wide full shipping channel is scheduled to reopen June 10 outside Baltimore.

Got Questions? Reach Out for a Free Freight Forwarding Quote!

Let us provide you with a no-cost freight forwarding estimate, crafted to ensure efficiency and satisfaction for your cargo’s journey.

Suite 1104, 11/F, Doña Victoria Building, 429 U.N. Avenue, Ermita, Manila
(02) 8536-2093, (02) 8400-7052, (02) 8400-7053
inquiry@asianconsol.com.ph

Connect with Us!