The Philippines started the implementation of the ATA Carnet System on Monday, joining over 80 countries and customs territories that use this trade facilitation tool.
As the Philippines now uses the “passport of goods”, this will allow exporters to enjoy duty- and value-added tax-free and streamlined temporary admission of goods into countries that also use the international customs document.
The ATA Carnet is called as the “passport of goods” as this single and comprehensive document replaces multiple customs documentary requirements.
“Imagine the possibilities: our exporters can now bring their goods to a place for exhibition and promotion and avoid various countries’ complex and often cumbersome customs requirements. Instead, with a single document, the so-called “passport for goods, our exporters can ensure their goods move swiftly and efficiently across borders,” Department of Trade and Industry (DTI) Secretary Alfredo Pascual said during the ATA Carnet System launch at the Manila Hotel Monday.
Pascual said implementing this system would significantly reduce trade costs and will expedite the trade of goods across borders.
He said this would also help the Philippines when joining in international trade shows and exhibitions as it will be cheaper for the participants to bring their products in trade events abroad.
The government will support exporters to use the ATA Carnet through capacity-building and advocacy initiatives nationwide to make Philippine enterprises aware and make full use of the benefits of the system, Pascual said.
Meanwhile, Philippine Chamber of Commerce and Industry (PCCI) president Enunina Mangio said the streamlined cross-border transactions would benefit not only exporters but also the Philippine economy.
She urged Philippine-based exporters to take advantage of the trade facilitation tool. (PNA)
