Government

Dubai Customs improved its initiatives in improving economic ties between the United Arab Emirates as well as Republic of South Korea. H.E. Ahmed Mahboob Musabih, Dubai Customs Director got a high profile delegation representing Korea Customs Service goinged by Lee Jong-Woo, Director of Audit and also Policy Division. Faisal Issa Lutfi, Director of Dubai Customs External Relations and the CEO of Dubai Customs World and also Eman Badr Al Suwaidi, Director of Customs Declaration Department participated in the conference. While on Korean side, Woo Lee-Kwang, Head of AEO Center, Jin-Kyung Yoon, Program Manager of AEO Center as well as Hyung-Kwon Choi from Audit Policy Division.

Ahmed Mahboob Musabih invited the checking out delegation, revealing Dubai Customs eagerness on deepening connections in between both parties. Dubai non-oil trade with the Republic of Korea placed to AED 33.1 billion in 2014 as compared to AED 26.8 billion in 2013, scoring a development price of 23 %. Dubai trade with the Republic of Korea in H1 2015 came close to AED 15 billion, divided after AED 13.5 billion in imports, AED 818 million in exports and AED 216 million in re-export.

Ahmed Mahboob Musabih stated that, "Our bilateral participation assists implementation of the arrangement on mutual management help in custom-mades matters recently inked in March 2015 between UAE and the Republic of Korea federal governments. We seek to give ideal custom-made services and also assistances for Korean firms and also traders, in pursuance of directives of H.H. Sheikh Mohammad bin Rashid Al Maktoum, Vice President as well as Prime Minister of UAE as well as Ruler of Dubai, determining the bridging of bonds with all countries around world as well as establishing Dubai as the leading global trading center.".

Musabih likewise kept in mind," We look for to enhance the capabilities of UAE-based business area, by granting them greater access to the Korean markets, which comes in line with our initiatives to accomplish the critical goals of our country including UAE Vision 2021 as well as Dubai Plan 2021.".
The Korea Customs Service delegation hailed increasing financial development in the UAE generally and in Dubai particularly, emphasizing after requirement for additional consolidated relationships. Both celebrations gone over prospects of collaboration to ideal utilize the Authorized Economic Operator (AEO) program introduced by Dubai Customs in September 2015, which greatly contributes to the establishment of strategic partnerships ensuring the defense as well as facilitation of international trade using Mutual Recognition Agreements (MRA's) in between nations and supply chains across the world, as per World Customs Organisation WCO SAFE Framework of Standards to Secure and Facilitate Global Trade (SAFE Framework).

Throughout the conference, Eman Badr Al Suwaidi delivered a presentation to visiting counterparts on the assistances as well as benefits Dubai Customs is catering for eligible customers from investing area through AEO program. "AEOs will benefit from simplified customs procedures, consisting of pre-arrival shipment clearance, advantageous customizeds therapy, and also customizeds advice after demand," she said. Al Suwaidi likewise highlighted that the run of AEO would begin in an aviator stage consisting of carefully selected their clients, and that eligibility would certainly be based upon meeting, among other things, suitable compliance degrees.

As World Expo 2020 in Dubai attracts more detailed, the fostering as well as execution of AEO program, together with Korean Customs and various other partner Customs authorities worldwide, is anticipated to further boost the position of Dubai as a leading worldwide center of trade as well as business.

H.E. Ahmed Mahboob Musabih, Dubai Customs Director got a high profile delegation representing Korea Customs Service headed by Lee Jong-Woo, Director of Audit and also Policy Division. Faisal Issa Lutfi, Director of Dubai Customs External Relations as well as the CEO of Dubai Customs World as well as Eman Badr Al Suwaidi, Director of Customs Declaration Department participated in the meeting. During conference, Eman Badr Al Suwaidi delivered a discussion to the checking out counterparts on the assistances and privileges Dubai Customs is catering for qualified their clients from the investing neighborhood through the AEO program.

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