THE Philippines is now part of the ATA Carnet System with the Senate Committee on Foreign Affairs ratifying the Convention on Temporary Admission through Senate Resolution 832 last November 8, the Department of Trade and Industry (DTI) Center for International Trade Expositions and Missions (Citem) said on Tuesday.

Senate Resolution 832 or the Convention on Temporary Admission and its various Annexes constitute the international codification of the ATA Carnet system. The resolution will help Filipino exporters showcase their products internationally since the treaty obligates contracting countries to provide temporary admission of goods with total conditional relief from import duties and taxes. According to ATACarnet.com, the ATA Carnet merchandise passport will reduce the costs of exporting goods since it eliminates value-added taxes, duties and the posting of security normally required at the time of importation in the country destination.