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Bin Sulayem and Mahboob receiving chief of Kuwait Customs

Dubai-Kuwait trade rises 6pc to $2.8bn

DUBAI, November 11, 2014

Trade between Dubai and Kuwait grew 6.1 per cent in the first half of the year to reach Dh10.3 billion ($2.8 billion), which included imports, exports and re-exports, according to a Dubai Customs official.

Dubai Customs received a high-level delegation from Kuwait Customs to reinforce inter-GCC co-operation and exchange of expertise, said a statement.

The delegation was headed by Khalid Abdullah Al Saif, director general of the General Administration of Kuwait Customs, it said.

The visiting delegation was welcomed by Sultan Ahmed bin Sulayem, chairman of DP World and Chairman of Ports, Customs and Free Zone Corporation, along with Ahmed Mahboob Musabih, director of Dubai Customs.

They expressed hope that such mutual cooperation would reflect positively on their customs operations and systems, while also bolstering the UAE and Dubai’s growing commercial ties with Kuwait.     

The parties discussed potentials of future collaboration in customs business as the Kuwaiti delegation learned about Dubai Customs’ advanced experience in improving its level of performance to keep up with the prime role the emirate of Dubai is playing on the regional and global trade and investment arena.  

Such visits are important in the course of inter-GCC trade and customs cooperation, said Bin Sulayem.

He stressed Dubai Customs’ keenness on enhancing coordination and sharing of expertise with all relevant customs authorities in the member-states of the Gulf Cooperation Council.

The objective is to promote the GCC Customs Union for stronger and better trade in the region, he said.

“Dubai continues to support the growth of  inter-GCC trade through  high-end trading and customs facilities and services backed by steady investment in infrastructure,” he said.

“We also seek to share our expertise in Dubai with our counterparts in the Gulf, as the emirate moves into broader horizons guided by His Highness’s insistent call to unleash the spirit of innovation to the fullest to achieve a successful transformation into the world’s smartest city.”   

“Dubai Customs, in collaboration with our strategic partners in the ports, airports and free zone authorities  of Dubai, seeks to provide every needed facilitations to boost inter-GCC trade and make utmost benefit from the leading position occupied by Dubai as a regional and international trading and business hub,” said Musabih.

Dubai is eager to increase trade flow with Kuwait, which experienced considerable upsurge in the recent years, he added.

Meanwhile, Al Saif hailed the development Dubai Customs has put into its package of services and facilitations.

“The great achievement attained by Dubai Customs in improving customs processes and operations is a source of pride for us in the GCC countries. Thus, we are committed to raising the bar of mutual cooperation between the General Administration of Kuwait Customs and Dubai Customs through sharing of expertise and information to enhance integration in the GCC customs work and trade environment.” - TradeArabia News Service




Tags: Dubai | Kuwait | Exports | Trade | Imports | Customs |

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