ATA Carnet System implementation will help boost trade: NBR chair
National Board of Revenue chairman Md Mosharraf Hossain Bhuiyan on Tuesday emphasised on implementation of ATA (Admission Temporary Admission) Carnet System saying that it could facilitate international trade and business.
Being a signatory of Trade Facilitation Agreement of World Trade Organisation and Revised Kyoto Convention it is very important for Bangladesh to sign the Istanbul Convention on ATA Carnet with a view to facilitating International Trade, he said at a workshop on ATA Carnet System.
International Chamber of Commerce-Bangladesh and NBR jointly organised the programme at a city hotel.
The NBR chairman said that Bangladesh was an active party of various regional forums like BIMSTEC and BBIN and there were numbers of agreements and treaties where Bangladesh was a signatory like river protocol with India and Bhutan, Transit Agreement with India, Nepal and Bhutan.
‘To make best utilisation of those forums, agreements and treaties, it is very important for Bangladesh to introduce ATA Carnet System,’ Mosharraf said.
He said that this system would open a new door for the international buyers and traders to import temporarily samples for exhibitions, trade fair and many other purposes in an easy and a trade friendly way without paying duties and taxes.
ICC Bangladesh president Mahbubur Rahman urged the government to improve Ease of Doing Business ranking saying that it was utmost important for Bangladesh to introduce ATA Carnet System.
‘To promote trade and investment and to achieve Sustainable Development Goals it is essential to integrate with the trade promotional instrument like ATA Carnet and other global facilitates without any further delay,’ he said.
Abdul Muyeed Chowdhury, adviser to the former caretaker government, hoped that NBR would take early action to implement the ATA Carnet System.
DCCI president Osama Taseer said in the ongoing context of global business process, it was imperative for Bangladesh to integrate with its trade regime as a trade facilitation instruments particularly WTO Trade Facilitation Agreement and the ATA Carnet System.
Source: http://www.newagebd.net
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