The latest World ATA Carnet Council (WATAC) meeting took place in Jaipur, on the 15th and 16th of November. Ensuring we have representation at these meetings is useful for all UK exporting companies.
Part of the objective of WATAC meetings is to discuss and update operational needs, from the processing of carnets, to items allowed. Being part of the debate means that our perspective helps to shape decisions.
The UK’s involvement in ATA carnet growth also builds customs business partnerships globally, along with establishing useful local contacts.
An Indian Viewpoint
Beyond broader issues, the meetings are designed to increase awareness of and use of carnets in the host country. The reason that speakers from the Indian national and Rajasthan state governments attended.
India have been carnet members for some years, although there has been additional effort recently. They extended category allowance to include professional equipment in early 2018 and issued better guidelines to customs officers.
A new initiative is looking at ways to include neighbouring countries, Bangladesh, Bhutan and Nepal. Finance schemes to help smaller Indian businesses use ATA carnets are in place and proving popular.
After a slow start, India is becoming a notable carnet user for export and import, a reflection of economic growth.
The UK Opportunity
Research from Barclays Corporate arm found that over 60% of Indian consumers would pay more for goods made in the UK. The old links and perceptions have not gone away, a belief in British quality remains.
This has assisted in creating record growth of UK exports to India over the last two years. An opening to consider, with no real language barrier, existing cultural ties and a population of 1.3 billion.
An ATA carnet can help with featuring in business exhibitions, showcasing goods in other ways, or providing services. Our support team are used to Indian requirements and happy to assist in a smooth journey.