Latest news with #ATACarnet
ARN News Center
06-05-2025
- Business
- ARN News Center
Dubai Chamber of Commerce reports strong start to 2025
Dubai Chamber of Commerce has reported strong growth across multiple fronts in the first quarter of 2025, reflecting Dubai's rising status as a global business hub. Exports and re-exports by chamber members reached AED 86 billion between January and March, a 16.8 per cent increase compared to the same period last year. The chamber also issued over 204,000 Certificates of Origin, up 7 per cent, and processed goods worth nearly AED 984 million under the ATA Carnet system. A total of 18,1600 new companies joined the chamber in Q1 2025, while 28 local businesses were supported in expanding into international markets, a 75 per cent jump from last year. In advocacy work, the chamber reviewed 10 laws and draft laws with business groups, with over half their recommendations adopted. It also launched new business councils for Indonesia and Hungary. Mediation services also saw a significant rise, handling 45 cases worth AED 7.3 million, more than triple the value seen a year ago, while networking events drew over 1,600 attendees. Dubai Chamber of Commerce Q1, 2025 achievements Members' exports and re-exports AED 86 billion 16.8% compared to Q1 2024 New companies 18,160 — Dubai Media Office (@DXBMediaOffice) May 6, 2025
Web Release
26-03-2025
- Business
- Web Release
Dubai Chamber of Commerce announces the issuance and processing of 5,357 ATA Carnets for goods worth AED 4.3 billion during 2024
By Editor_wr Last updated Mar 25, 2025 Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that a total of 5,357 ATA Carnets were issued and received during 2024 for goods and commodities valued at AED 4.3 billion. These figures reflect the steady momentum behind Dubai's exhibitions, conferences, and events sector, to which ATA Carnets are closely linked. ATA Carnets play a vital and highly effective role in the attraction and organisation of global events by enabling the duty-free and tax-free temporary import of goods for up to one year. This significantly enhances the ease of participation for exhibitors and contributes to the smooth operation of international exhibitions and conferences. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, commented: 'The ATA Carnet system is designed to simplify customs procedures related to the movement of goods for exhibitions. This creates numerous benefits for the exhibitions and conferences sector, reinforcing Dubai's growing reputation as a destination for global events.' The ATA Carnet system is the result of impactful collaboration between Dubai Chamber of Commerce and its partners in Dubai Customs, the Federal Customs Authority, and chambers of commerce across the UAE. About the ATA Carnet System An ATA Carnet can be described as a 'merchandise passport' that allows goods to temporarily cross international borders for up to one year without being subject to customs duties. Eligible items include goods for use at trade fairs such as commercial samples, professional equipment, audiovisual equipment, and computers, as well as items like repair tools, photographic and film equipment, musical instruments, industrial machinery, vehicles, jewellery, clothing, medical appliances, aircraft, racehorses, artwork, and prehistoric relics. Items that are not covered by the documents include perishable or consumable items and goods for processing or repair. The ATA Carnet system forms part of a standardised international mechanism created by the Istanbul Convention in 1990 under the guidance of the World Customs Organisation (WCO) for the temporary importation of goods. The system allows marketing representatives, exhibition participants, and business travellers to complete customs procedures in advance at a fixed cost and offers the flexibility to visit multiple countries using a single carnet. This ensures seamless customs clearance while allowing goods to be re-exported without delays or unexpected costs. ATA Carnets offer significant cost savings by exempting exporters from VAT and customs duties. Holders are not required to post security deposits with customs, and the system also simplifies border crossings by allowing importers and exporters to use a single document for all of their customs formalities. Comments are closed.
Arabian Business
25-03-2025
- Business
- Arabian Business
Dubai Chambers issued ATA Carnets for $1.2bn of goods last year – what is the ‘passport for goods'?
Dubai Chamber of Commerce has announced that a total of 5,357 ATA Carnets were issued and received during 2024 for goods and commodities valued at AED4.3bn ($1.2bn). These figures reflect the steady momentum behind Dubai's exhibitions, conferences, and events sector, to which ATA Carnets are closely linked. ATA Carnets are sometimes labelled a 'passport for goods' and are an international customs document that play a vital and highly effective role in attracting and organising global events. ATA Carnets in Dubai They enable the duty-free and tax-free temporary import of goods for up to one year. This significantly enhances the ease of participation for exhibitors and contributes to the smooth operation of international exhibitions and conferences. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, said: 'The ATA Carnet system is designed to simplify customs procedures related to the movement of goods for exhibitions. This creates numerous benefits for the exhibitions and conferences sector, reinforcing Dubai's growing reputation as a destination for global events.' The ATA Carnet system is the result of impactful collaboration between Dubai Chamber of Commerce and its partners in Dubai Customs, the Federal Customs Authority, and chambers of commerce across the UAE. An ATA Carnet can be described as a 'merchandise passport' that allows goods to temporarily cross international borders for up to one year without being subject to customs duties. Eligible items include goods for use at trade fairs such as: Commercial samples Professional equipment Audiovisual equipment Computers Repair tools Photographic and film equipment Musical instruments Industrial machinery Vehicles Jewellery Clothing Medical appliances Aircraft Racehorses Artwork Prehistoric relics Items that are not covered by the documents include perishable or consumable items and goods for processing or repair. The ATA Carnet system forms part of a standardised international mechanism created by the Istanbul Convention in 1990 under the guidance of the World Customs Organisation (WCO) for the temporary importation of goods. The system allows marketing representatives, exhibition participants, and business travellers to complete customs procedures in advance at a fixed cost and offers the flexibility to visit multiple countries using a single carnet. This ensures seamless customs clearance while allowing goods to be re-exported without delays or unexpected costs. ATA Carnets offer significant cost savings by exempting exporters from VAT and customs duties.
Mid East Info
25-03-2025
- Business
- Mid East Info
Dubai Chamber of Commerce announces the issuance and processing of 5,357 ATA Carnets for goods worth AED 4.3 billion during 2024
Chamber supports growth of the events and exhibitions industry through facilitation of ATA Carnets. Khalid AlJarwan: 'The ATA Carnet system creates numerous benefits for the exhibitions and conferences sector, reinforcing Dubai's growing reputation as a destination for global events.' ATA Carnets play a vital role in the attraction and organisation of global events by enabling the duty-free and tax-free temporary import of goods for up to one year. Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that a total of 5,357 ATA Carnets were issued and received during 2024 for goods and commodities valued at AED 4.3 billion. These figures reflect the steady momentum behind Dubai's exhibitions, conferences, and events sector, to which ATA Carnets are closely linked. ATA Carnets play a vital and highly effective role in the attraction and organisation of global events by enabling the duty-free and tax-free temporary import of goods for up to one year. This significantly enhances the ease of participation for exhibitors and contributes to the smooth operation of international exhibitions and conferences. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, commented: 'The ATA Carnet system is designed to simplify customs procedures related to the movement of goods for exhibitions. This creates numerous benefits for the exhibitions and conferences sector, reinforcing Dubai's growing reputation as a destination for global events.' The ATA Carnet system is the result of impactful collaboration between Dubai Chamber of Commerce and its partners in Dubai Customs, the Federal Customs Authority, and chambers of commerce across the UAE. About the ATA Carnet System: An ATA Carnet can be described as a 'merchandise passport' that allows goods to temporarily cross international borders for up to one year without being subject to customs duties. Eligible items include goods for use at trade fairs such as commercial samples, professional equipment, audiovisual equipment, and computers, as well as items like repair tools, photographic and film equipment, musical instruments, industrial machinery, vehicles, jewellery, clothing, medical appliances, aircraft, racehorses, artwork, and prehistoric relics. Items that are not covered by the documents include perishable or consumable items and goods for processing or repair. The ATA Carnet system forms part of a standardised international mechanism created by the Istanbul Convention in 1990 under the guidance of the World Customs Organisation (WCO) for the temporary importation of goods. The system allows marketing representatives, exhibition participants, and business travellers to complete customs procedures in advance at a fixed cost and offers the flexibility to visit multiple countries using a single carnet. This ensures seamless customs clearance while allowing goods to be re-exported without delays or unexpected costs. ATA Carnets offer significant cost savings by exempting exporters from VAT and customs duties. Holders are not required to post security deposits with customs, and the system also simplifies border crossings by allowing importers and exporters to use a single document for all of their customs formalities. About Dubai Chamber of Commerce: Established in 1965, Dubai Chamber of Commerce continues to represent, support, and protect the interests of the business community in Dubai, create a stimulating business environment, and promote the emirate as a global business hub. The chamber is one of three chambers operating under the umbrella of Dubai Chambers, which was restructured under a decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Hi Dubai
25-03-2025
- Business
- Hi Dubai
Dubai Chamber of Commerce Facilitates AED 4.3 Billion Worth of ATA Carnet Transactions in 2024
Dubai Chamber of Commerce has announced that 5,357 ATA Carnets were issued and received in 2024, facilitating the duty-free and tax-free temporary import of goods valued at AED 4.3 billion. This reflects Dubai's growing prominence as a global hub for exhibitions, conferences, and events. ATA Carnets, often referred to as 'merchandise passports,' enable the temporary cross-border movement of goods for up to one year without incurring customs duties. These documents play a crucial role in streamlining international trade fairs by allowing businesses to import commercial samples, professional equipment, and exhibition materials seamlessly. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, emphasized the significance of the ATA Carnet system in simplifying customs procedures, making Dubai an attractive destination for global events. The system, developed in collaboration with Dubai Customs, the Federal Customs Authority, and UAE chambers of commerce, enhances trade efficiency while reducing costs for businesses. Established under the Istanbul Convention of 1990, the ATA Carnet system allows exporters to save on VAT and customs duties while eliminating the need for security deposits. It also enables business travelers and exhibitors to visit multiple countries using a single document, ensuring smooth border crossings and efficient customs clearance. By facilitating hassle-free trade and international participation, Dubai Chamber of Commerce continues to strengthen Dubai's position as a leading global business and events destination. News Source: Emirates News Agency
