Carnet to benefit exporters
System offers common document, simplifies customs’
The ATA Carnet System contributes to the national economy by
facilitating and promoting international trade, International Chamber of
Commerce (ICC) CEO, Gamini Peiris said. Speaking at a seminar on ATA
Carnet System organized by the ICC at the Galle Face Hotel recently, he
said ATA Carnets are powerful instruments in promoting countries as
convenient investment and business centres and as attractive
destinations for international trade fairs and similar business events
contributing to promote in-flaws of foreign currencies from business
travellers and reducing transfer of national currency abroad.
Peiris said by participating in the ATA Carnet system,
countries(Governments) meet the needs of the local business and help
them expand their activities worldwide. It helps local business
exporters to compete with foreign traders on equal terms in the world
market. Among other benefits to the national economy ATA Carnets also
promote economic expansion to create jobs, increase tourism and
stimulate investments and encourage and stimulate technical progress.
Referring to the benefits to the Chambers of Commerce from ATA Carnet
he said it could boost Chambers’ visibility and if chambers devote the
appropriate time, effort and commitment it could be a contributor to
ATA Carnet is a tangible good product to offer to the local business
community which provides an opportunity for working with Governmental
Departments and Customs.
Peiris said that according to Carnet Statistics, ICC Sri Lanka has
issued Carnets valued at Rs 2,902,635,673 from 2000 to 2007. The number
of Carnets issued has increased from a modest US $ 18 billion in 2007 to
US $ 20 billion in 2008.
The number of Customs admin joining the system is also on the rise.
Currently they are working with Macau, Mexico, Peru, Chile, Indonesia,
Bangladesh and Vietnam.
An ATA Carnet is an international Customs Document Joint product of
World Customs Organization and World Chambers Federation to promote and
facilitate international trade. Over 2,000,000 Carnets are issued
annually globally amounting to over US $ 12 billion in goods being
shipped guaranteeing Associations in each member country.
The Carnet system is accepted as entry document and it simplifies
Customs formalities by offering a ‘common’ document, less expensive,
more flexible and serves as registration of Sri Lanka goods.