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Mexico Adopts ICC's Carnet System

by Mike Godfrey,, Washington

09 May 2011

The ATA Carnet System is set to expand its membership on May 16 when Mexico will join the international system. ATA Carnets reduce paperwork and costs for business-people travelling with goods between countries party to the arrangements, and allow temporary duty- and tax-free import and export of goods for up to one year.

Welcoming the addition of Mexico, the International Chamber of Commerce (ICC) noted that the country has long been identified as one of the priority target countries by the network of organizations already affiliated with the ATA guarantee chain, administered by the ICC. The addition of Mexico brings the number of countries accepting ATA Carnets to 71.

"Mexico’s large economy and geographic position make it both an important international trading partner and transit point for goods. Mexico is the United States’ second-largest export market and its third-largest trading partner. Mexican exports to the US in 2009 were worth USD185 billion, representing approximately 80% of the country’s total exports, according to US State Department figures," ICC said.

It was further noted that alongside the benefits of membership for the US, Mexico’s entry into the ATA chain will also facilitate trade relations between Mexican business and their foreign partners.

“Adding Mexico to the ATA Carnet System is a big achievement and will have a significant impact on users due to the sheer volumes of trade that go to Mexico,” said Peter Bishop, Chair of the ICC World Chambers Federation World ATA Carnet Council (WATAC). “Travelling with goods will now be easier for businesses wanting to go to this important hub.”

ATA Carnets are of particular use for companies bringing samples to customers, exhibiting at trade fairs or transporting equipment. They improve trade opportunities by both reducing customs procedures, and significantly minimizing costs.

WATAC is the ICC working body responsible for administering the international guarantee chain for ATA Carnets. The chain includes chambers and business organizations that have been appointed by their national customs authorities to issue and guarantee Carnets. In Mexico, the Mexico City National Chamber of Commerce (CANACO) will administer ATA Carnets.

Prior to Mexico, Bosnia and Herzegovina joined the ATA Carnet system on April 18, following the United Arab Emirates, which joined on April 1.

More than 160,000 Carnets are issued every year worldwide, for goods with a total value of over USD20bn. Carnets cover all goods traded internationally, with the exception of perishable items.

TAGS: United Arab Emirates | tax | business | Bosnia and Herzegovina | export duty | law | Mexico | United States | import duty | trade

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