Temporary Exports From, Imports Into Brazil to be Eased with Adoption of Carnet System

October 13, 2010 at 7:00 am

Doing business in Brazil will soon become easier for many international businesses following that country’s agreement to adopt the use of carnets, an international passport for merchandise honored by more than 75 countries. The Brazilian Senate’s approval of the Istanbul Convention will facilitate trade in many items by eliminating the need to endure extensive customs procedures, pay duties and value-added taxes, and purchase temporary import bonds. Brazil’s decision to participate in the international carnet system follows several years of efforts by STTAS do Brasil in conjunction with the World ATA Council and the U.S. Council for International Business.

The Istanbul Convention, adopted by the World Customs Organization in June 1990 and in force since 1993, is primarily designed to facilitate the temporary entry and exit of goods by removing the need to pay customs taxes or complete entry procedures. Commercial representatives, exhibitors, executives and other professionals use carnets to move goods among signatory countries with relative ease and flexibility and little cost.

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Entry filed under: Brazil.

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
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