Saudi Press

Saudi Arabia and the world
Sunday, May 05, 2024

Saudi Arabia Joins World ATA Carnet Council, Implementing Temporary Import System for Goods

Saudi Arabia Joins World ATA Carnet Council, Implementing Temporary Import System for Goods

The Federation of Saudi Chambers (FSC) announced that Saudi Arabia will join the World ATA Carnet Council (WATAC) in June, making it the 80th country to use the ATA Carnet system.
The ATA Carnet is an international customs document that allows for duty-free and tax-free temporary entry of goods, whether shipped or hand-carried.

Established by the International ATA Conventions and governed by the World Customs Organization and the International Chamber of Commerce's World Chambers Federation, the ATA Carnet aims to encourage world trade and reduce trade barriers caused by different national customs regulations.

The text discusses a customs document that permits the temporary import of various goods into Saudi Arabia without paying duties, taxes, or undergoing customs procedures.

This arrangement lasts up to one year, with the expectation that the goods will be re-exported or exported before the deadline.

This initiative aligns with Saudi Vision 2030, which aims to make the Kingdom an attractive destination for economic, sports, cultural, and tourism activities.

It also prepares Saudi Arabia to host international events like Expo 2030, the 2034 FIFA World Cup, and the Dakar Rally.

The Federation of Saudi Chambers will oversee the implementation of this temporary entry system for goods, in accordance with the International Istanbul Convention on Temporary Admission.

The FSC (Federation of Saudi Chambers) will issue ATA Carnet documents, allowing beneficiaries to temporarily import goods without standard customs procedures or fees and taxes.

This system will benefit various sectors in Saudi Arabia, particularly entertainment, arts, and exhibitions, by enabling the import of goods, products, commercial samples, and professional equipment without customs duties.

This will revitalize seasonal events and exhibitions and reduce operational costs.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Apple Faces Significant Sales Decline Amid AI Integration Delay
Netanyahu's Firm Stance Amid Rafah Hostage Talks
BlackRock to Establish Saudi Investment Firm
Dubai's New Al Maktoum International Airport: World's Largest with ₹2900 Crores Investment, 5 Runways, and 260 Million Annual Capacity
New UK Laws: Banning Weak Passwords for Internet-Connected Devices to Enhance Cybersecurity
Blinken on Gaza: Ceasefire is Key to Humanitarian Crisis Resolution
UAE Prime Minister Announces $544M for Home Repairs after Historic Rains, Vows to Learn from Experience
Germany Sends New Frigate to Red Sea to Protect Ships Amid Houthi Attacks
Isfahan Explosions: US Media Reports Israel's Retaliatory Strikes on Iran
Four Dead, Dubai Airport Disrupted: UAE's Heaviest Rains in 75 Years Cause Flooding and Flight Chaos
Dubai's Historic Flooding: Homes Ruined, Airport Disrupted Due to Lack of Storm Drains
Meteorologist Warns of 'Weather Wars' Amid Debate over Dubai Rain and Cloud Seeding
Saudi Arabia Leads in Artificial Intelligence Development: Ranked First by Stanford University Index
Dubai's Airport and Roads Disrupted for Third Day Amid Heavy Rain and Flooding: 1,285 Flights Cancelled or Diverted
Doha Hamad Overtakes Singapore Changi as World's Best Airport in Skytrax Awards 2024
Dubai Airports: Stranded Tourists 'Living on Duty Free,' Desperate for Food and Water
Turkish President Erdogan to Host Hamas Leader Haniyeh Amidst Israel Tensions
BOEING WHISTLEBLOWER: THE MAX AIRPLANE IS NOT SAFE!!!
Creative menu of a Pizza restaurant..
Heavy Rains Cause Flooding in UAE and Oman: 18 Lives Lost
Look at this weather in Dubai. It looks like the end of days
You can be a very successful player, but a player with character is another level!
Come to Dubai, ya Habibi
Stay safe, ya Habibi
Dubai underwater, Influencers are stranded in their Rolls Royces in flooded roads as skies turn black in apocalyptic scenes as storm hits region.
Unprecedented Flooding Disrupts Dubai
Experience the Future of Dining: My Visit to an AI-Powered Burger Joint
Ajman Crown Prince Declares Remote Work Day for Government Employees Due to Weather (Except Essential Jobs)
UK Urges Israel to Avoid Escalation in Iran-Israel Tensions: 'Time to Be Smart'
Iran's New Strategy: Direct Retaliation Against Israel After Damascus Consulate Attack
Saudi Finance Minister to Lead Delegation at IMF-World Bank Meetings: Discussing Global Economic Developments and Saudi Arabia's Three-Year Chairmanship
Saudi Arabia Leads the Way in Metaverse Adoption: $7.6 Billion Economic Opportunity by 2030
Saudi ADES Wins $93.3m Contract from TotalEnergies to Operate Jack-up Rig in Qatar
Saudi's Knowledge Economic City Co. Signs $78m Deals for 396 Al-Alya Residential Apartments
Saudi Arabia's EV Revolution: Crown Prince Drives Electric Vehicle Industry Forward in Middle East
UN Chief Warns: Middle East on Brink of Devastating Conflict Between Iran and Israel - Calls for Maximum Restraint
Israeli Military: Hamas Holds Hostages in Rafah, Netanyahu Plans Ground Invasion
Israel and Allies Form Coalition After Iran's Missile Attack on Israel: First Time Against Iran's Threats in Middle East
IDF released footage showing Israeli fighter jets downing some of the 300 drones and missiles fired from Iran at Israel.
The West stands with Israel, Iran is furious: "Double standards and irresponsibility"
Huge Queues at Iranian Gas Stations
Stabbing rampage terror attack in Sydney, at least four people killed, early reports that a baby was among those stabbed.
Scandal in Iran after a goalkeeper had the audacity to hug a female fan who stormed the pitch
Iran fired more than 300 drones and missiles at Israel overnight. Israel Reports Light Damage After Iran Launches Large Strike.
Saudi Arabia calls for "restraint" amid Iranian strikes on Israel
Israel Closes Airspace in Response to Iranian Drones Attack
Iran's Revolutionary Guard Seizes Israeli-Affiliated Ship near Hormuz: Escalating Tensions in the Middle East
Iran launched dozens of drones at Israel on Saturday but they will take hours to reach their targets, Israel's military said
Scientists at the University of Maryland have developed an "invisibility cloak", for AI using adversarial patterns on a sweater, making the wearer nearly undetectable to standard object detection methods.
Online YouTube streamer N3ON was just sentenced to AN ENTIRE YEAR in prison in Dubai for filming and live-streaming, without “proper permits”
×