U.A.E to join ATA Carnet system

U.A.E to join ATA Carnet system    The United Arab Emirates will join the ATA Carnet system early this year, becoming the 69th country to accept and issue special documents exempting certain categories of temporary imports from duties and taxes, the U.S. Council for International Business said.
   The acronym ATA is a combination of the French and English abbreviations for 'temporary admission.' The ATA Carnet system is overseen by the International Chamber of Commerce and the World Customs Organization.
   The U.A.E. will begin by accepting goods for trade shows and fairs. There are about 200 trade shows per year in Dubai. The new rules will make it easier for companies bringing displays and samples to the trade show.
   In 2009, more than 150,000 Carnets were issued, covering goods worth more than $17 billion.
   USCIB said the announcement was made last month by Hamad Buamim, director general of the Dubai Chamber of Commerce, and his counterpart from the U.A.E.'s foreign trade ministry, Abdullah Al-Saleh. The Dubai Chamber will assume responsibility for issuing and guaranteeing Carnets throughout the U.A.E.