ATA Carnet in PH now online
MANILA: 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