UAE Federal Customs Authority signs three year MOU with Global Trade Development Week
- Trade Finance
- 17.07.2015 01:00 am
The UAE Federal Customs Authority has announced a Memorandum of Understanding (MOU) with the organisers of Global Trade Development Week, to be the ‘Lead Strategic Partner’ for ‘The Global Customs and Trade Facilitation Summit’ for the next three years. The Summit is one of six held during the mega‐trade‐event, and will be addressed by leading customs officials and private sector heads of trade facilitation from around the world.
Held under the patronage of H.E. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, and attended by business and government leaders from over 100 countries, Global Trade Development Week (GTDW), is the world’s largest trade development event and will take place from 27‐29th October at Ritz Carlton DIFC, Dubai, UAE.
Speaking on the importance of the MOU agreement, Mr. Khalid Ali Al Bustani, Acting Director‐General, Federal Customs Authority says, “Signing this agreement to partner with GTDW for the next three years is a very important step to help us strengthen our relationships across borders. Reducing barriers to international trade is a top priority for the Federal Customs Authority, and this can only be done through international cooperation. We are supporting this major annual event as a means to facilitate the flow of global trade and also as a means to promote UAE as the leading regional commercial hub linking the East and West”.
Mr. Al Bustani adds, “We are particularly proud that UAE has advanced to the third rank globally in terms of the efficiency of customs procedures index and we look forward to sharing best practice with the high‐level representation attending the Global Customs Summit. We also look forward to learning from other nations as we continually strive to introduce innovative strategies and services to support and enhance UAE’s economic competitiveness globally.”
“We are delighted that the UAE Federal Customs Authority is partnering with GTDW”, says Andrew Keable, Co‐CEO of KW Group, organisers of GTDW. “The UAE has established state‐of‐art customs facilities across all seven Emirates and is firmly established as a major trading hub for the Middle‐East, as well as globally ‐ governments around to the world seek to emulate UAE’s success and it is a great boost for our event to partner with The Federal Customs Authority, UAE for the next three years to grow this event as a major annual forum for customs & trade facilitation.”
Endorsing the partnership, Ms Ayesha AlKobaisi, Project Manager for GTDW and Director of International Organisations at the UAE Ministry of Economy, says, "Our advanced customs operations across the Emirates have been crucial to development of international trade in the UAE. As the host nation for GTDW, we are delighted to see the Federal Customs Authority as a Strategic Partner for GTDW.”
GTDW 2015 will be an unprecedented gathering of 1000 trade leaders from business, industry and government. The event will be addressed by 150 speakers whom are some the most influential leaders driving world trade today. GTDW features a series of specialized trade summits that link key sectors across international trade; including business, banking, customs, corporate real estate, infrastructure, specialized economic zones, supply chain logistics and transport.