Madagascar joins ATA Carnet System in bid to boost foreign trade
Madagascar will adopt the ATA Carnet System next week in order to facilitate foreign trade and boost the country’s economic development. ATA Carnets, already used in more than 70 countries, will enable companies to move goods in or out of Madagascar for up to a year without paying duties or taxes.
Joining the ATA Carnet scheme is part
of Madagascar’s drive for better access to world trade, notably through
regional integration and the development of tourism. ATA Carnets will provide a
practical tool to foster such integration.
“Participation in the ATA network makes
a strong statement that a country is open for world business,” said Peter
Bishop, Chair of the ICC WCF World ATA Carnet Council (WATAC). “Madagascar is
an important addition to the ATA club for its own sake and because we hope this
development will encourage other countries in Africa to speed up their entry to
the global ATA scheme.”
Madagascar will start accepting and issuing ATA Carnets on 22 April
More than 175,000 ATA Carnets are issued yearly for thousands of customs
transactions worth over US$ 25 billion.
The Carnets allow all kinds of goods to be temporarily transported, usually
professional equipment, commercial samples and material for trade fairs and
exhibitions. Some examples of note include: a prototype solar car, World Cup yachts, Giorgio Armani apparel, McLaren
Grand Prix cars, Munich Symphony Orchestra instruments, , Australian Olympic
horses, Harley Davidson motorcycles and equipment for the Bolshoi Ballet, Cirque
du Soleil, BBC and CNN .
The ATA Carnet System is celebrating its 50th anniversary in 2013. It is
jointly administered by the World Customs Organization (WCO), holding the international
conventions on the temporary admission of goods, and the ICC World Chambers
Federation (WCF), acting as the administrator of the ATA International
Guarantee Chain, comprising the chambers of commerce and other similar business
organizations appointed in their respective countries to guarantee and issue
To obtain professional advice and a Carnet visit ATA Carnets