MADRID – Kazakhstan will join on April 1 the ATA Carnet System, an international customs system that allows for the duty-free and tax-free temporary import and export of goods for up to one year.
“The implementation of the ATA system shows the commitment of Kazakhstan to promoting economic growth and trade facilitation,” Ruedi Bolliger, chair of the International Chamber of Commerce-World Chambers Federation World ATA Carnet Council, said in an ICC press release.
The Chamber of International Commerce of Kazakhstan will become the 76th member of the ATA Carnet System, according to the ICC.
The ATA Carnet allows for the temporary international transfer of goods without the need to undergo each country’s specific import and export formalities, thus expediting and reducing the cost of the process, the Spanish Chamber of Commerce says.
This system is especially used by businesses temporarily importing professional equipment for projects and events, providing samples to customers or exhibiting at trade fairs.
More than 180,000 carnets are issued each year worldwide for goods with a total value of more than $21 billion.