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Tuesday, July 23, 2024

Dubai Customs releases multiple customs policies to boost trade growth with partners


With the entry into force of these agreements, a new phase of trade exchanges begins, promising a substantial increase in quality and quantity. This development has significantly boosted the UAE’s foreign trade, which increased by 17 percent compared to the previous year to reach AED2.233 trillion by 2022.

As part of the Comprehensive Economic Partnership Agreement, Dubai Customs has implemented customs policies to support trade with partner countries. These policies set out the scope, obligations, preferential treatment, general provisions related to trade in goods and products, and rules of origin. Dedicated customs centers and departments are entrusted with enforcing these policies, ensuring compliance with the terms and regulations of the agreement.

Dubai Customs is active in providing a wide range of commercial and customs services to traders and investors from countries that have comprehensive economic partnership agreements with the UAE. Dubai Customs is firmly committed to its vision of becoming the world’s leading customs administration that supports legal trade. Its mission is to protect communities and foster sustainable economic growth through an unwavering commitment to convenience, innovation and compliance.

The government sector plays a key role in contributing to Dubai’s economic agenda, D33, which seeks to double the value of Dubai’s foreign trade in goods and services to AED25.6 trillion. In addition, it seeks to expand its global trade network by adding 400 new cities. To ensure these ambitious goals are met, the department is working hard to implement its 2021-2026 Strategic Plan.

The program focuses on continuously enhancing commercial and customs services, promoting economic prosperity and protecting communities, while continuously meeting the needs of traders and investors, further attracting trade and investment in Dubai and the UAE as a whole. (ANI/WAM)

This report was automatically generated by the ANI News Service. ThePrint is not responsible for its content.


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