The Kingdom of Bahrain opens for business with implementation of ATA Carnets - passports for goods
The Kingdom of Bahrain has become the 74th country to effectively implement the ATA Carnet system that allows for the temporary duty and tax-free export or import goods for up to one year.
the United Arab Emirates in 2011, the Kingdom of Bahrain is the second GCC
Member State to join the ATA Carnet Chain and will begin operating on 1st
the implementation of the ATA Carnet System in Bahrain, the national economy will
benefit from simplified customs procedures," said Eng. Nabeel A.Rahman
Al-Mahmood, Acting CEO of the Bahrain Chamber of Commerce and Industry.
Carnets remove the need for exporters to provide Customs authorities with the
otherwise necessary guarantees required for goods to cross borders. Operating
like passports for goods, over 175,000 ATA Carnets covering hundreds of
thousands of Customs transactions are issued worldwide every year for goods
valued at US$ 25 billion. From computers to prehistoric relics, Carnets cover
all kinds of goods including commercial samples, professional equipment, goods
for fairs and exhibitions.
the movement of goods across borders is essential to keeping the global economy
on the path to recovery. We can anticipate that Bahrain’s implementation of the
system will lead the way to more countries in the region, notably Saudi Arabia
and Qatar, joining in the near future,” said ICC WCF ATA Carnet Manager.
ATA carnet system, administered by the ICC World Chambers Federation (WCF) and the
Brussels-based World Customs Organization (WCO), facilitates international
trade and provides companies with a cost effective tool to reach new markets
for their products. The chain comprises chambers and business organizations
that have been appointed by their national Customs authority to issue and
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obtain a Carnet in your country by visiting Passport For Goods