ICYMI: On July 15, 2024, the Bureau of Customs (BOC) and the Philippine Chamber of Commerce and Industry (PCCI) launched the ATA Carnet, or “Passport for Goods.” This new system allows for the temporary export and import of exhibition items, professional equipment, and commercial samples without import duties or taxes, provided the goods are re-exported within the specified period. As the 81st country to adopt this system, the Philippines aims to boost trade efficiency and global competitiveness.