DUBAI: UAE has issued a new amended customs law for the Federal Customs Authority (FCA) that will help to streamline customs processes and facilitate trade.
The law, which replaced Law No 1 issued in 2003, will unify all customs procedures and ease processes at UAE’s border checkpoints, said the state news agency Wam.
“The amended law will enable the authority to prepare, unify, adopt customs risk management criteria and develop joint regulations to manage risks,” it said.
The authority’s mandate includes working on the customs union with other GCC members. “The FCA will develop and endorse a central mechanism in cooperation with relevant local customs entities to levy and distribute customs fees with GCC member states according to conventions in place,” said Wam.
