Dubai Customs on Thursday launched a guide on transit trade to enhance the emirate’s leading position as a central hub for regional and global transit trade.
The guide, prepared by the Tariff and Origin Department, outlines all the procedures and steps that need to be taken by companies to avail for the services and facilities provided by Dubai Customs to transit activity. It includes information to raise awareness around all regulations on transit trade facilitation following the UAE’s commitment to the international treaties and agreements.
Transit trade is vital in facilitating economic transformation and regional trade, offering multiple benefits to the surrounding society by unlocking the economic potential of those areas.
Ahmed Al Kharoosi, director of the Tariff and Origin Department, said: “We are committed to providing all merchants and companies involved in transit trade with detailed information about the facilitations and procedures in this regard. With this they can avail the best services to ensure highest returns, and we attract more investments. This also enhances the leading Dubai Silk Road strategy that seeks to build on the success Dubai has accomplished globally as a strategic trade link between East and West, and North and South.”
The Dubai Silk Road strategy was prepared by the Ports, Customs and Free Zone Corporation, in collaboration with key government entities. Internally, the strategy focuses on enhancing trade between free zones and the rest of the emirates. Externally, the focus will be on enhancing strategic and operational connection of logistics services between DP World terminals across the world with Emirates airlines playing a key role.
Source: Khaleej Times