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<span
style=’font-size:8.0pt’>9/4/2013
Indonesia plans to formally announce the implementation of the ATA Carnet system at this December’s World Trade Organization Ministerial Conference in Bali. As part of a move towards closer engagement with the global economy, Indonesia aims to begin accepting ATA Carnets in early 2014.
Adding Indonesia has been a priority of the World ATA Carnet Council, which is chaired by USCIB Senior Vice President Cindy Duncan. Seventy-three countries already actively participate in this worldwide system, which facilitates temporary exports for a wide variety of goods free of duties and taxes.
U.S. trade with Indonesia will directly benefit from this implementation as U.S. businesses are currently major exporters of aircraft, rail equipment and energy-related equipment to Indonesia. Two-way trade between the United States and Indonesia has been on the upswing, reaching $26 billion in 2012 and U.S. exports to Indonesia were up an additional 8.1 percent in the same year. This positive trade growth is expected to be further spurred by Indonesia’s decision to join the ATA Carnet system.
To get the process in motion ICC’s Asia office held workshops and a series of meetings in Jakarta this past July to work on the technicalities of putting the system into place. Approximately 175,000 Carnets worth over $25 billion are issued annually. Indonesia will be a welcome addition to this growing Carnet figure and to continued international cooperation among trading partners. If you are interested in receiving updates and notifications on Indonesia’s status with the ATA Carnet System, please Click Here
The ATA Carnet system is jointly administered by the World Customs Organization and the International Chamber of Commerce’s ICC World Chambers Federation, which administers the ATA Carnet international guarantee chain. USCIB guarantees Carnets in the U.S. and issues them through a network of trusted service providers.
USCIB was once again a lead organizer for the annual World Trade Week festivities in New York City. Joining cities around the country during the third week in May, New York celebrated the role of trade and exports in driving regional and national prosperity.
In celebration of World Trade Week, USCIB organized a presentation by the U.S. Fish and Wildlife Service (FWS), “Are Your Exports/Imports CITES Compliant?,” along with sponsors Reed Exhibitions and the Jewelry Vigilance Committee, in partnership with the office of Sen. Kirsten Gillibrand (D – N.Y.). FWS is charged with enforcing the United Nations Convention on International Trade in Endangered Species (CITES) in the United States. Wildlife Inspector Naimah Aziz provided an in-depth training on the CITES convention and other local regulations that affect the trade in certain furs, coral, skins, sea and plant life.
A record number of people turned out for the kickoff awards breakfast at Baruch College on May 13. The keynote speaker was Sam Schwartz, president and CEO of Sam Schwartz Engineering. Rep. Charles B. Rangel (D. – N.Y.) addressed the breakfast, emphasizing the importance of the trade community and of making favorable policy decisions to enhance trade, and presented three top awards. The Export Appreciation Award, which went to the American Association of Independent Music. The Export Achievement Award, which was presented to Lumi.Solar; and finally the Global Trade Award, given to United-States Mexico Chamber of Commerce, Northeast Chapter.
Directly following the kick off breakfast Amanda Barlow, USCIB’s director of carnet and trade services marketing, took part in a panel discussion along with U.S. Customs and Border Protection on essential resources for international trade. Ms Barlow described how U.S. exporters can get their goods abroad duty and tax-free into 85 customs territories using the ATA Carnet, also known as the Merchandise Passport.
New York, N.Y., June 13, 2013 – Uniform Rules for Bank Payment Obligations (BPOs), a 21st-century standard in supply-chain finance that will facilitate international trade, is now available at the USCIB International Bookstore.
These new rules are set to revolutionize trade finance transactions. BPO is an irrevocable commitment made by one bank to another that payment will occur on a specified date after a specified event has taken place. It is an alternative instrument for trade settlement, designed to complement existing solutions, not to replace them.
The BPO provides the benefits of a letter of credit in an automated and secured environment, and enables banks to offer flexible risk mitigation and enhanced financing services to their corporate customers.
The rules were developed by the International Chamber of Commerce (ICC) Banking Commission, in partnership with the financial messaging provider SWIFT and take into account the expectations of all relevant industries and users. Reflecting consensus of the industry, the rules were unanimously adopted by the ICC Banking Commission in April.
“The importance of collaboration among the banking community is paramount today.” According to Michael Quinn, Co-Chair of the ICC URBPO Education Group, Chair of USCIB’s Banking Committee, and Managing Director of Global Trade at JP Morgan. Quinn went on to say, “we have case studies where banks are successfully using BPO in situations where there is high volume import, short shipment time periods and a need to provide liquidity to suppliers who are providing relatively low-cost retail consumer type goods.” Mr. Quinn also added, “this provides us with excellent examples of how BPO is being leveraged to facilitate trade without getting bogged down in the processing of documents.”
The speed of trade, the complexity of supply chains and the reliance on information and data today is overwhelming. Over the last 10 years banks and corporates have become focused on financing liquidity down supply chains to ensure products can get to customers. The financial crisis forced many companies to rethink their supply chain strategies and consider ways to ensure integrity down the chain while ensuring it remains liquid and appropriately protected. This, Quinn suggests, has led to a convergence of corporate needs for supply chain financing with banks’ need to support them in this and an ambition to reduce paper handling so that greater focus can be put on risk mitigation and financing.
The rules are set to go into effect on July 1. Order your copy today at USCIB International Bookstore.
About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.
USCIB’s Trade Services include: ATA Carnet, commonly known as the Merchandise Passport, which allows goods to enter over 85 customs territories tax- and duty-free for up to one year; eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin; and the USCIB International Bookstore, which enables customers to learn international business through unique titles covering a range of topics.
Contact:
Hsin-Ya Hou, USCIB International Bookstore
+1 212.703.5066, hyhou@uscib.org
New York, N.Y., May 8, 2013 – The International Chamber of Commerce (ICC) has published its much-awaited Incoterms® 2010 Q&A : Questions and expert ICC guidance on the Incoterms® 2010 rules, the latest in a series of best-selling books helping readers understand and use the Incoterms® rules to their strategic advantage, according to the United States Council for International Business (USCIB), ICC’s American national committee.
This publication is now at the USCIB International Bookstore.
Comprising more than 80 new questions, Incoterms® 2010 Q&A offers expert guidance on choosing the correct Incoterms® 2010 rules, and thus avoiding costly mistakes arising from dangerous mismatches between the contract of sale and related documents, such as letters of credit and contracts of carriage.
This book includes real users’ questions on the Incoterms® 2010 rules with responses from world-renowned ICC experts. Included in this edition are questions and answers related to previous Incoterms rules contrasted against Incoterms® 2010. This publication contains comprehensive flowcharts and checklists to allow readers choose the correct Incoterms® 2010 rule and manage documents in a sale or purchase transaction, a glossary of commonly used trade terms, and the complete text of the Incoterms® 2010 rules.
“Since being published by ICC in 1936, the Incoterms® rules have become the gold standard worldwide for the interpretation of most commonly used terms in international trade,” said Emily O’Connor, executive secretary of the ICC Commission on Commercial Law and Practice. “This latest installment of the Incoterms® series, by the international body that drafts and maintains the Incoterms® rules, is an invaluable resource for everyone involved in cross-border transactions.”
About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.
To facilitate International Trade USCIB offers three Trade Services: ATA Carnet, commonly known as the Merchandise Passport, which allows goods to enter over 85 customs territories tax- and duty-free for up to one year; eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin; and the USCIB International Bookstore, which enables customers to learn international business through unique titles covering a range of topics.
Contact:
Hsin-Ya Hou, USCIB International Bookstore
+1 212.703.5066, hyhou@uscib.org
More on USCIB’s Trade Services
New York, N.Y., April 18, 2013 – The Indian Ocean nation of Madagascar, well known as home to lemurs but also a potentially important destination for U.S. exports and travel, will adopt the ATA Carnet for temporary exports, effective April 22.
The move enables travelers to ship a variety of goods in and out of the country temporarily without paying import duties or taxes, according to the United States Council for International Business (USCIB), which administers and guarantees the Carnet system in the U.S.
“While a minor U.S. trading partner right now, we think Madagascar’s growing reputation as a destination for exotic animal and fashion photography will make using Carnets very appealing,” said Cynthia Duncan, USCIB’s senior vice president for trade services. “Professional equipment like that used by photographers is one of the categories of goods covered by a Carnet.”
USCIB, a private, pro-trade group based in New York, administers the ATA Carnet system in the United States. Worldwide, the system is managed jointly by the International Chamber of Commerce and the World Customs Organization. In 2012, the most recent year for which worldwide figures are available, over 150,000 Carnets were issued, covering goods worth more than $17 billion (U.S.)
Beginning next week, those visiting Madagascar may bring product samples, professional equipment and goods for display at trade shows into the country duty-free and tax-free. Carnets are good for one year and can be used in any of the 80-plus countries and customs territories that honor them. Visit www.merchandisepassport.org for details.
Joining the Carnet system is part of Madagascar’s drive for better access to world trade, notably through regional integration and the development of tourism. ATA Carnets will provide a practical tool to foster such integration.
Madagascar is a member of the Common Market for Eastern and Southern Africa (COMESA), the largest regional economic organization in Africa, with 19 member states and a population of about 390 million. COMESA has a free trade area, with 14 member states, and launched a customs union in 2009.
About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment.
USCIB’s Trade Services include: ATA Carnet, commonly known as the Merchandise Passport, which allows goods to enter over 85 customs territories tax- and duty-free for up to one year; eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin; and the USCIB International Bookstore, which enables customers to learn international business through unique titles covering a range of topics.
Contact:
Elizabeth Cafaro, USCIB
+1 212.703.5087
DISCLAIMER: USCIB makes every effort to keep information on this page up to date. Users are advised to consult with the local customs authorities of the country or territory in question to ensure accuracy and conformity with local laws. USCIB cannot be held liable for any incorrect or out-of-date information contained on this page.
Accepts ATA Carnets for:
Visit ALGERIA Customs at: AlgeriaCustom
Palais Consulaire, 6 Bd Amilcar Cabral
C.P 16003 Alger – BP. 100 Alger 1er Novembre
Tel: (213) 023 16 13 63 – 16 18 14
Fax: (213) 023 16 14 89
Email: b.tarafi@caci.dz
WWW Site: http://www.caci.dz/
Carnets are typically limited to six months from the date of entry even though the Carnet may be valid for one year. Request and extension of the six months, or re-export the goods to a neighboring country and the re-enter.
DISCLAIMER: USCIB makes every effort to keep information on this page up to date. Users are advised to consult with the local customs authorities of the country or territory in question to ensure accuracy and conformity with local laws. USCIB cannot be held liable for any incorrect or out-of-date information contained on this page.
Accepts ATA Carnets for:
Visit ANDORRA Customs at: http://www.duana.ad/
C/Prat de la Creu, 8, Ed. Le Mans, Baixos
AD500 Andorra la Vella – Principat d’Andorra
Tel: (376) 80.92.92
Fax: (376) 80.92.93
E-mail: gemma@ccis.ad
WWW Site: http://www.ccis.ad
We are unaware of any specific requirements for carnet use in Andorra.
New York, N.Y., February 20, 2013 – The Balkan nation of Albania is the latest country to join the ATA Carnet system, which will begin to accept ATA Carnets starting February 25, 2013. ATA Carnet country members waive customs duties and taxes on many types of goods brought into a country temporarily, according to the United States Council for International Business (USCIB). The move to accept “merchandise passports” is expected to boost U.S. trade with the country.
“Albania’s decision to honor Carnets further extends the system’s reach in Southeastern Europe,” said Cynthia Duncan, USCIB’s Senior Vice President for Trade Services. “This should be a boon for American companies and business travelers in the region.”
Two-way U.S. trade with Albania amounted to $6.7 billion in 2012. Major U.S. exports include food, transportation equipment, machinery, computer and electronic equipment. The adoption of the ATA Carnet system is expected to help boost and diversify U.S. exports to the country.
USCIB, a private, pro-trade group based in New York, administers the ATA Carnet system in the United States. Worldwide, the system is managed jointly by the International Chamber of Commerce and the World Customs Organization. In 2012, the most recent year for which worldwide figures are available, over 150,000 Carnets were issued, covering goods worth more than $17 billion (U.S.)
Beginning February 25, those visiting Albania may bring product samples, professional equipment and goods for display at trade shows into the country duty-free and tax-free. Carnets are good for one year and can be used in any of the 85 countries and customs territories that honor them. Visit www.merchandisepassport.org for details. Prior to the Albania’s decision, Bosnia and Herzegovina, UAE, and Mexico were the latest territories to join the international system.
About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and three valuable trade services to facilitate the international movement of goods. ATA Carnet, commonly known as the Merchandise Passport, allows goods to enter over 85 customs territories tax and duty free for up to one year. eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin. Finally learn international business with USCIB International Bookstore. More at www.uscib.org.
The latest version of the Incoterms® rules came into effect in January 2011 and takes into account developments in global trade since the rules were last revised in 2000. While contracts for the sale of goods incorporating earlier versions of the Incoterms® rules are still viable, it is suggested that users refer to Incoterms® 2010 for new transactions.
Correct use of Incoterms® goes a long way to providing the legal certainty upon which mutual confidence between business partners must be based. To be sure of using them correctly, trade practitioners need to consult the full ICC texts, and to beware of the many unauthorized summaries and approximate versions that abound on the web.
Incoterms® are international rules that are accepted by governments, legal authorities and practitioners worldwide for the interpretation of the most commonly used terms in international trade. They either reduce or remove altogether uncertainties arising from differing interpretations of such terms in different countries.
The scope of Incoterms® is limited to matters relating to the rights and obligations of the parties to the contract of sale with respect to the delivery of goods sold, but excluding “intangibles” like computer software.
As the guardian and originator of Incoterms®, ICC has a responsibility to consult regularly all parties interested in international trade to keep Incoterms® relevant, efficient and up-to-date. It is also translated into 31 languages. This is a long and costly process for ICC, which is a non-governmental, self-financed organization. The work is financed out of sales of Incoterms® and related publications, which are protected by copyright. The new version has been modified to ensure that the Incoterms® rules clearly and accurately reflect present-day trade practices. The number of rules has been reduced from 13 to 11 and two new rules have been created: Delivered at Terminal (DAT) and Delivered at Place (DAP).
To purchase the ICC Guide to Incoterms® 2010 and/or Incoterms® 2010 visit USCIB International Bookstore; where you will also find a selection of helpful Incoterms® products like wallcharts and desk pads.
