Sunday 25 October 2020
 
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Dubai Chamber member exports up 7.4% in June-Aug

DUBAI, 27 days ago

Exports of Dubai Chamber members exceeded a combined value of AED 45 billion ($12.25 billion) between June and August 2020, marking a 7.4 percent increase compared to the March-May period during the same year.

Over 151,000 Certificates of Origin were issued by Dubai Chamber over the last three months (June-August), an 11.7% rise from the 135,00 certificates issued during the three months prior (March-May).

The average number of exporters over the three months ending in August stood at 4,630, increasing 14% from the 4,066 exporters accounted for between March and June 2020.

Hamad Buamim, President & CEO of Dubai Chamber of Commerce and Industry, said the latest export figures signal an uptick in activity within Dubai’s trade sector following the lifting of Covid-19 restrictions, improving market conditions and growing business confidence. He underlined the importance of foreign trade to Dubai’s economy and noted that the emirate remains resilient as it navigates new challenges created by the pandemic.

Buamim noted that the gradual re-opening of Dubai’s economy has been successful, thanks to the government’s swift and effective response in enforcing preventative health and safety measures, and introducing stimulus packages to help businesses deal with the impact of Covid-19.

He added that government-led efforts to drive Dubai’s digital transformation in recent years, along with close cooperation between the public and private sectors, were key crucial factors that helped ensure business continuity and maintain economic competitiveness.

Dubai Chamber currently provides 50 e-services to the business community through its website and smart applications. The services include certificates of origin, membership, attestation, ATA Carnets, legal inquires, smart mediation, credit rating and CSR Label, among many others.

Earlier this year, the Chamber launched a new electronic attestation service and the authentication of signatures on documents, which raised the percentage of smart transformation of core services to 98 percent. - TradeArabia News Service




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