Other BriefingsDubai Digitalizes Certificates of Origin
The Dubai Trade and Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, have simplified trade services for exporters and re-exporters in the country by collaborating together to provide membership and Certificates of Origin (COO) services through the Dubai Trade portal.
A COO determines the origin of exported or re-exported goods and helps estimate customs tariffs, as it contains the basic data on trade shipments. Dubai Trade’s single window will enable exporters in Dubai to instantly request, pay and generate the COO via its single window.
This is a major milestone in the platform’s offerings and in its efforts to facilitate seamless cross-border trade and will enable exporters to complete their end-to-end export journey of trade from cargo handling to customs clearance.
The integration of the COO on Dubai Trade platform is part of their agreement, signed in March, to cement Dubai’s position as a leading global business hub and streamline the trade process for more than 180,000 customers.
It provides transparency in business transactions, facilitating access for Emirati products to global markets, and enhancing foreign trade.
Certificates of Origin are crucial to facilitating and driving international trade and are required evidence when applying for tariff reductions as part of bilateral trade agreements. A Certificate of Origin (CO) confirms the ‘nationality’ of a product and serves as a declaration to satisfy customs or trade requirements.
Mohamed Ahmed AbuHamra, Acting Chief Operating Officer, Dubai Trade said: “We are committed to facilitating trade and positioning Dubai as the leading trade and logistics hub and adding value to the trading community. “Our goal has always been to ensure ease of doing business in Dubai and drive the country’s digital transformation efforts. By providing our customers access to Certificates of Origin through the unified logistics and trade platform, Dubai Trade aims to support the UAE’s efforts to augment the Digital Economy and enhance the customers’ experience by delivering the best in class services for logistics and supply chain industry stakeholders”.
For assistance with Dubai trade and investment requirements and questions, please contact Dezan Shira & Associates at dubai@dezshira.com The company has 30 years’ experience throughout Asia and maintains a Dubai regional office serving foreign investors.
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Middle East Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Dubai (UAE), China, India, Vietnam, Singapore, Indonesia, Italy, Germany, and USA. We also have partner firms in Malaysia, Bangladesh, the Philippines, Thailand, and Australia.
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