(MENAFN- The Peninsula) The Peninsula
Qatar Chamber has announced that the State of Qatar will officially join the World ATA Carnet Council (WATAC) in early December 2017.
This came during a meeting for the International Certificate of Origin Council which was held on the sidelines of 10th World Chambers Congress in Sydney. Director-General of Qatar Chamber Saleh bin Hamad Al Sharqi headed the chambers delegation to the conference.
In a statement issued by Qatar Chamber yesterday, Al Sharqi said that the Chamber has been invited to join the World Certificates of Origin Chain, noting that the chamber applauded the invitation and would accept it soon.
He said that that the meeting discussed many issues including Electronic Certificates of Origin and Rex and Exportal systems which are being established to facilitating the issuance of the World Electronic Certificates of Origin and thereby facilitating trade transactions among countries.
Al Sharqi noted that the World Chambers Congress is a dynamic forum that facilitates the exchange of ideas in the real world and best practices in rooms and businesses. It was a platform that discussed many issues regarding the flow of goods around the world and exchanging expertise and pressing issues facing world business community.
The conference was held by the World Chambers Federation and the International Chamber of Commerce (ICC), in conjunction with the Sydney Chamber of Commerce, for three days with the participation of more than one thousand delegates representing 109 countries around the world.
Qatar hosted the 8th World Chambers Congress in 2013. About 2600 people representing more than 143 countries participated in the event.
The ATA Carnet is an international customs document that permits the tax-free and duty-free temporary export and import of goods for up to one year.
The Carnet reduces costs to the exporter and eliminates value-added taxes (VAT), duties, and the posting of security normally required at the time of importation. It simplifies customs procedures and allows a temporary exporter to use a single document for all customs transactions, make arrangements for entry to many countries in advance, and do so at a predetermined cost.
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