Senate concurs Convention on Temporary Admission ‘ATA Carnet System’

The Senate concurred the ratification of the Convention on Temporary Admission (CTA), also known as the ATA Carnet System, on 08 November 2021.  Resolution no. 128 was adopted, having 22 out of the 24 Senators voted in favorably for its concurrence. 

The Department of Foreign Affairs (DFA) will deposit the Instrument of Accession to the  ATA and Istanbul Convention. This will then make the Philippines, the 88th member-state of the Carnet family. 

Exporters and Business Support Organizations (BSOs) warmly welcome this development after advocating its passage for over a couple of decades now. The Carnet grants one year access to temporarily admit goods without Customs formalities eliminating costs incurred from duties and taxes. It will also boost export promotions and encourage trade fair participations. Events requiring professional equipment, commercial samples, and items for trade shows are expected to skyrocket once our country officially implements the Carnet System.

Moreover, the Bureau of Customs (BOC) equips the appointment of the National Issuing and Guaranteeing Association (NIGA). The NIGA is responsible for the issuing, discharging, and promoting of the ATA Carnet. Additionally, it ensures accountability of duties and taxes should the temporarily admitted goods fail to be re-exported within a year.

As the pandemic greatly affects events and activities that require heavy equipment,  being part of the Carnet really eases the process of doing business. This innovation accelerates our support in rebuilding economic recovery.MRJ

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