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Dubai Trade and Dubai Chamber simplifies trade services for exporters and re-exporters by offering membership and Certificate of Origin (COO) services through the Dubai Trade Portal.
The COO determines the origin of exported or re-exported goods and helps estimate tariffs as it contains basic data on trade shipments. Dubai Trade’s Single Window will enable exporters in Dubai to instantly request, pay and generate COOs through its Single Window.
This is a major milestone for the platform’s offerings and its efforts to facilitate seamless cross-border trade, and will enable exporters to complete the end-to-end export trade journey from cargo handling to customs clearance.
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COO’s integration on the Dubai Trade platform is part of an agreement they signed in March to strengthen Dubai’s position as a leading global business hub and streamline the trade process for more than 180,000 clients. It provides transparency in commercial transactions, facilitates the access of UAE products to global markets, and facilitates foreign trade.
Saif Al Hattawi, Executive Director, Digital and Business Services, Dubai Chamber, said: “Dubai Chamber has been committed to strengthening Dubai’s position as a global trade gateway, supporting business growth and enabling local companies to gain access to target markets. Certificates of origin are essential to facilitate and drive international trade vital. Through our partnership with the Dubai Department of Trade, we are making it easier to do business and removing barriers to trade, aiming to increase Dubai’s external trade to AED2 trillion (US$540 billion) and Dubai’s external trade programs and enhancing the competitiveness of the UAE’s business and logistics sector.”
Mohamed Ahmed AbuHamra, Chief Operating Officer, Dubai Trade Agency, said: “We are committed to facilitating trade, positioning Dubai as a leading trade and logistics hub and adding value to the trade community. Our aim has always been to ensure that doing business in Dubai is easy and to drive this Digital transformation efforts in the country. Providing certificates of origin to our customers through a unified logistics and trade platform, Dubai Trade aims to support the UAE in enhancing its digital economy and enhancing customer experience by providing best-in-class services to logistics and supply chain industry stakeholders s hard work”– trade arab news agency
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