Dubai Customs has announced that the volume of external trade with India in gold, jewelry, diamonds, vehicles, telecoms, and petroleum products reached $18.2 billion in the first half of 2021 alone, compared to $24 billion in 2020.
The trade report was discussed in a meeting between Mr. Ahmed Mahboob Musabih, Director-General of Dubai Customs and Mr. K Kalimuthu, Indian Consul General for Trade and Economy to Dubai which also highlighted the role of Dubai Customs in ensuring the success of Expo 2020 Dubai and the advanced services and facilities that Dubai Customs delivers to clients.
The parties discussed ways to work together to benefit from Dubai Customs’ projects and efforts aimed at strengthening its link with diplomatic missions and strategic commercial partners. Ertebat is one of these projects, which aims to enhance ties and coordination with diplomatic missions in order to boost the emirate’s external trade.
“This reflects the weight and significance of Dubai as a global hub for trade and tourism relying on its advanced logistics and customs infrastructure thanks to the wise vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai,”
Mr. Kalimuthu expressed his gratitude for Dubai Customs’ efforts to promote bilateral trade and stated that Indian diplomatic missions are willing to strengthen ties with Dubai and expand cooperation to promote trade.
During the meeting, the parties agreed to conduct a benchmarking exercise between Dubai Customs and the Customs of India in order to identify best practices and share expertise and knowledge. Developing trade during the pandemic while keeping in all precautionary measures was also discussed.
Dubai Customs had worked hard to provide the best services and facilities to all Expo 2020 Dubai participants in order to support the global economy’s recovery. It has also emphasized initiatives in this regard, such as the Expo Smart Channel and the Expo Customs Office, which Dubai Customs has dedicated to participants in this global grand event to Indian strategic partners.
The meeting also noted that trade with India is gaining more weight and significance in the coming years as India’s role in the global trade stage will grow, especially at a time when the UAE is pursuing its ambitious projects, such as the UAE Centennial Plan 2071.
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