The Republic of Armenia becomes the 70th Contracting Party to the WCO Istanbul Convention

03 julio 2018

On 3 July 2018, the WCO Secretary General, Dr. Kunio Mikuriya, in his capacity as the depository of the WCO Conventions, received the Instrument of accession of the Republic of Armenia to the Convention on Temporary Admission (Istanbul Convention).

The Istanbul Convention is an international instrument that combines all existing conventions on temporary admission. The ATA system, which is an integral part of the Convention, allows the free movement of goods across frontiers and their temporary admission into a Customs territory with relief from duties and taxes. These goods are covered by a single document known as the ATA carnet that is secured by an international guarantee system.

With this system the international business community enjoys considerable simplification of Customs formalities as the ATA carnet also serves as a goods declaration at export, transit and import. The ATA carnet is now the document most widely used by the trade for international operations involving the temporary admission of goods.

The Convention will enter into force for Armenia on 3 October 2018.