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Shocking Truth of ATA Carnets Revealed to CFOs

Friday, October 14, 2022

ATA Carnet: An Essential Tool in the Current    Economic Landscape

In this slow growth economy ATA Carnets make your dollar go further so boomerang carnets® presented a 30-minute webinar featuring experts on the strategic use and cost saving potential of ATA Carnets, “CFO Exclusive – Unique International Trade Tool Eliminates Overseas Deposits.”  Watch it here.

The webinar was developed exclusively for CFOs on the financial management potential of the ATA Carnet or “Merchandise Passport.”  The ATA Carnet is an internationally accepted customs document that allows temporary importation of goods and merchandise into 87+ countries and territories import-duty and -tax free for up to a year.

Experts Curt E. H. Wilson, President & CEO of Boomerang Carnets, Declan Daly, Senior Vice President & CFO, the United States Council for International Business, and Kiel Ursin, ATA Carnet Specialist, Boomerang Carnets, laid out the benefits of ATA Carnet use from a CFO perspective. The first and foremost benefit is the ATA Carnet’s capability as a unique international trade tool to reduce or eliminate “overseas deposits” and the costly wait for foreign duty recovery. 

Many companies continue to be in survival mode since spring of 2020.  Companies who temporarily import goods, merchandise, or equipment into foreign countries without the use of an ATA Carnet are tying up foreign currency cash deposits in foreign customs services. This is one of many costs without an ATA Carnet. 

On hand was Mike Host, Boomerang CFO for 20+ years, who affirmed the real cost savings features of the ATA Carnet and considered solutions to combat inflation and rising interest rates on cash flow. 

The recorded 30-minute webinar, “CFO Exclusive – Unique International Trade Tool Eliminates Overseas Deposits” can be viewed here.

Take advantage of this opportunity to learn:

  • How to benefit from the financial management potential and cost saving features of the ATA Carnet 
  • How to identify opportunities where you can save money 
  • How to recognize the risks of not using a carnet 
  • How to reduce your upfront costs 
  • How to identify and evaluate opportunities to improve the efficiency, accuracy, and security of your company's international business process and duty management program 
  • How to apply the benefits of carnet use to your business

The information in this recorded webinar clearly and concisely explains why this should be important to anyone with an export program or considering starting one. The information should be especially important to Chief Financial Officers, Finance Directors, and your C-Suite.

If you have questions about ATA Carnets and the many benefits they offer, call us.  Boomerang’s Carnet Specialists offer expert customer service and are here to assist you 24/7.  Just call the Carnet  HelpLine® 1-800-ATA-2900 |1-800-282-2900 or email us.  Also, if you want to ship by cargo, Boomerang has freight forwarder partners who can deliver your carnet to you, as well as handle your freight.  For ATA Carnet news and updates subscribe to our eNewsletter: Exportise.