On 28 April 2014 the Kingdom of Bahrain became the 74th country to implement the ATA Carnet system that allows for the temporary duty and tax-free export or import of goods for up to one year.
Annually over 175 000 ATA Carnets covering hundreds of thousands of Customs transactions are issued worldwide for goods valued at about US$ 25 billion. The ATA Carnet system, administered by the ICC World Chambers Federation (WCF) and the Brussels-based World Customs Organisation (WCO), facilitates international trade and provides companies with a cost- effective tool to reach new markets for their products.
