UAE explores ways to enhance gold trade with Congo

By Shilpa Annie Joseph, Desk Reporter
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UAE’s Executive Office of the Committee for Goods and Materials Subject to Import and Export Control and the Federal Authority for Identity, Citizenship, Customs, and Ports Security have discussed ways to strengthen the gold trade with officials from the Democratic Republic of the Congo.

According to the statement, they discussed the need of improving cooperation between the UAE and Congo on organizing gold trade according to leading best practices.

The virtual meeting included the UAE Embassy in Kinshasa, as per the reports. The representatives from Dubai Customs, Dubai Multi Commodities Centre, and Dubai Exports attended the meeting.

Furthermore, the virtual meeting was organized based on the two countries’ belief in setting standards and mechanisms for gold trade to enhance the trade and investment exchange volume.

UAE Non-Resident Ambassador to the Democratic Republic of the Congo, Mr. Hazza Alqahtani expressed his happiness at the level of developed relations with the African nation in all sectors.

Mr. Alqahtani said that “the two countries are moving towards a strategic partnership that serves the interests of their peoples. He added that this bilateral meeting regarding setting standards for regulating gold trade clearly shows the high level of coordination between the two friendly countries.”

Mr. Talal Mohammed Al Tenaiji, Director of the Executive Office for the Committee, expressed his gratitude for the efforts of experts in the two countries. Furthermore, the Director praised the role of Customs and wished to achieve the desired results in regulating gold trade and reconciliation in other areas.

Related: Dubai Free Zone eyes to attract Brazilian companies to be coffee partners


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