Business Bayani PH

The Philippines has joined the International Chamber of Commerce’s (ICC) ATA Carnet program, effective July 15th. This membership simplifies trade by easing temporary imports and exports, eliminating duties and taxes for up to one year.

The ATA Carnet acts as a “passport for goods,” allowing businesses to move equipment, samples, and other items across borders for exhibitions, conferences, or other approved uses. Joining the program is expected to boost Philippine trade and collaboration with international partners.

Julian Kassum, director of ICC’s World Chambers Federation is excited about the Philippines and Saudi Arabia joining the ATA Carnet program. He believes this is a big win for businesses in both countries.

“Building on several years of preparatory work with the public and private sector in both countries, we are thrilled to establish the ATA Chain in Saudi Arabia and the Philippines in 2024,” Kassum said, adding that the ATA Carnet simplifies customs procedures, making it less complex and faster to trade goods between these countries. 

By simplifying trade, the ATA Carnet program will make it easier for businesses in both the Philippines and Saudi Arabia to compete in the global marketplace.

The ATA Carnet system is already operational in over 80 countries and territories. The Philippines’ broad implementation covers exhibition materials, professional equipment, commercial samples, and more. This wide scope is expected to attract foreign investors and visitors, according to Henk Wit, chair of the World ATA Carnet Council.

The Philippine Chamber of Commerce and Industry (PCCI) played a key role in facilitating the country’s entry into the ATA Carnet program. As a national guaranteeing association, the PCCI will be responsible for issuing ATA Carnets to Philippine businesses and guaranteeing payment of duties and taxes to foreign customs authorities, if necessary. This involvement ensures a smooth implementation of the program for Filipino participants.

While Saudi Arabia is also joining the program in June, the Philippines’ adoption is seen as a major step for Southeast Asian trade. The ATA Carnet is a crucial tool for facilitating events, and with the Philippines’ growing economy, this membership is expected to boost international business activity.◼