Riyadh, The Federation of Saudi Chambers (FSC) has announced Saudi Arabia’s membership in the World ATA Carnet Council (WATAC). As of June, the Kingdom officially implemented the ATA Carnet temporary entry system for goods, making it the 80th country worldwide to apply this international customs system.
The ATA Carnet system is an international customs document that allows for the temporary import of goods for up to one year without the obligation to pay any duties, taxes, or customs procedures, provided they are re-exported or exported within the specified period. The Carnet covers a wide range of goods.
This step is in line with the aspirations of the Saudi Vision 2030, which is to enhance the Kingdom’s position as an international destination for economic, sports, cultural, and tourism activities and promote an attractive investment environment. It also enhances the Kingdom’s readiness to host international events such as Expo 2030, the 2034 FIFA World Cup, the Dakar Rally, and other international events
, as well as the expected impact on boosting trade activity and the growth of various economic sectors.
FSC will be the sole national authority responsible for implementing the temporary entry system for goods in accordance with the terms of the International Istanbul Convention on Temporary Admission. The federation will issue ATA Carnet documents to beneficiaries, enabling them to temporarily import some goods without the need for standard customs procedures or paying fees and taxes.
Many economic sectors in the Kingdom, especially entertainment, arts, and exhibitions, will benefit from implementing the temporary entry system for goods. The system allows the import of goods, products, commercial samples, and professional equipment without customs duties, which will contribute to revitalizing seasonal events and exhibitions and reducing the burdens and operational costs on related sectors.
Source: Saudi Press Agency
