DUBAI: The UAE Federal Customs Authority has announced that it will be presenting its vision on advancing global trade to leaders of Customs Authorities and prominent heads of industry attending the Global Customs and Trade Facilitation Summit.
The event will focus on innovations and solutions to reduce trade barriers and boost international competitiveness and forms part of Global Trade Development Week (GTDW), being held in Dubai from 27th to 29th October.
Organised under the patronage of the UAE Ministry of Economy, GTDW is a major trade forum and exhibition, and will be an unprecedented gathering of 1000 trade leaders from over 100 nations.
The Federal Customs Authority (FCA) is a strategic partner of GTDW and H.E. Khalid Ali Al Bustani, Acting Director-General of FCA, will deliver the opening keynote speech at the Customs Summit. H.E. Al Bustani says, “GTDW presents the perfect platform to present our views how customs work is a key catalyst for promoting global trade environment. GTDW’s high-caliber programme, focusing on global economic trends and risks, ties in with our core objective to promote the advancement of global trade and additionally helps our efforts to boost collaboration with customs authorities around the globe.”
The Customs summit will bring together a host of prominent leaders of international organizations, including WTO, Interpol, UN and World Bank. The list of speakers comprises of representatives’ form the world’s largest corporations, such as GM, Huawei, Hitachi and Nestle, and shall be attended by dignitary delegations from industrial and emerging markets and economies.
H.E. Al Bustani added, “We are delighted that UAE is the host of this important event and reflects the UAE’s growing position as a premier regional and international hub for import and re-export.” Explaining UAE’s advanced customs facilities, he added, “The UAE has succeeded in providing a developed model in facilitating trade by simplifying and standardizing the customs procedures in the first entry ports, and the implementing the latest regulations and technologies in this field, which contributed to reducing the clearance time for commercial goods and facilitated the movement of travelers”.
The Global Customs and Trade Facilitation Summit will bring together leaders to debate the major trends shaping the world´s economy and shed light on the perspective of private and public sectors towards the liberation of global trade, and its role in eliminating trading barriers, increasing trade and investment transparency.
