DUBAI: Dubai Customs expects its electronic cargo clearance platform to provide a boost to trade and transport, which contribute more than 40 percent of the emirate’s GDP.
The virtual freight and logistics corridor has reduced time and cost for trans-shipment of cargo and created hassle-free customs clearance connecting ports, airports and free zones in Dubai on a single platform, said Sami Al Qamzi, the director general of Dubai’s Department of Economic Development.
“This collaborative approach creates the most favourable framework conditions for trade and logistics companies to grow locally as well as regionally, and expand to emerging markets,” said Mr Al Qamzi. “It will continue attracting new businesses in trade and logistics as well as developing businesses locally, and increasing investment flows.”
Currently, more than 40 per cent of Dubai’s GDP comes from two sectors: transport, storage and communication, and wholesale, retail trade and repairing services, according to Mr Al Qamzi. Over 30 per cent of total employment also is created from these sectors.
More than 12,000 transfers of cargo weighing 64,000 tonnes were made since the programme was launched in its pilot phase in September 2014, said Ahmed Musabih, the director of Dubai Customs.
“Moreover, deposit-related financial burdens have been considerably minimised by some Dh120 million,” said Mr Musabih.
Lorry movements from Dubai to regional markets had increased to 21,000 vehicles in 2013 from 14,000 in 2012, said Mr Al Qamzi.
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