Dubai Customs announces customs policies following trade deals

Image: Dubai Customs

Dubai Customs has implemented a range of policies to support trade exchanges with partner countries to support the comprehensive economic partnership agreements (CEPA) signed by the UAE government.

These policies help define the scope, obligations, preferential treatment, general provisions that benefit the increase in commerce between the UAE and countries such as India, Cambodia, and others. The policies also lay out a framework for declaring the origin country for goods being imported into the country, as well as trade rules.

Dubai Customs said specialised customs centres and departments have been entrusted with enforcing these policies, ensuring adherence to the terms and provisions of the agreements.

Dubai Customs’ strategic plan

“Dubai Customs is actively providing a wide range of commercial and customs services to traders and investors from countries that have established comprehensive economic partnership agreements with the UAE”, Dubai Customs said on Sunday.

It added, “Dubai Customs is deeply committed to its vision of becoming a world-leading customs administration that supports legitimate trade. Its mission is to safeguard the community and promote sustainable economic growth by upholding a solid dedication to facilitation, innovation, and compliance.”

The UAE has successfully forged comprehensive economic partnership agreements with four countries – India, Israel, Indonesia, and Turkiye. India and the UAE recently marked the successful completion of the first year of the CEPA agreement. Trade figures from the first year of UAE-India bilateral, non-oil trade crossed $50bn.

HE Ahmed Mahboob Musabih Director General of #DubaiCustoms and the CEO of @pcfc_dubai led an economic and diplomatic delegation from the Republic of #Turkiye headed by Onur Şaylan, the Consul General of the Republic of Turkiye and representatives from @TBCDubai pic.twitter.com/R8dh3lmuAM

— جمارك دبي | Dubai Customs (@DubaiCustoms) June 15, 2023

Dubai Customs said the UAE’s foreign trade recorded an impressive 17 percent growth, reaching Dhs2.233tn in 2022 compared to the previous year.

As part of the Dubai Economic Agenda (D33), the emirate plans to be among the top three cities by economic strength by 2033 and within the top four global financial centres. One of its goals under the D33 is to boost its foreign trade from Dh14.2tn to Dh25.6tn for goods and services in the next decade. To ensure these ambitious goals are met, the department is working to implement its strategic plan for 2021-2026. Additionally, it has sought to expand the emirate’s global trade network by adding 400 new cities.

The strategic plan focuses on continuously enhancing commercial and customs services, fostering economic prosperity, and protecting the community while consistently satisfying the needs of traders and investors, further attracting trade and investment to Dubai and the UAE as a whole.