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Dubai Customs inks MoU with DIFC to support investors, facilitate export and import activities

22 Jul, 2020

In line with the directives of the Dubai government to support investors and reduce financial burdens on them, Dubai Customs signed a strategic memorandum of understanding with the Dubai International Financial Centre (DIFC) to enhance joint relations between government agencies and private institutions. Under the agreement, the two parties will enhance partnership to support the UAE and Dubai economy following the forward-thinking vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. 
 
 
Dubai Customs and the Dubai International Financial Centre work together with the local and international government authorities and private institutions to ensure business prosperity and to maintain Dubai’s leading position worldwide in facilitating global trade.
 
 
The new agreement will facilitate transit and export of goods for companies licensed and working at the Dubai International Financial Centre. This will be done through development of services provided to investors and reduction of any financial burdens on them. 
Abdullah Mohammed Al Khaja, Executive Director of Customer Management Division said the agreement is very important and is in line with Dubai Customs policy of supporting merchants and investors to help them progress their business following the leadership’s directives. 
 
He pointed out that the agreement will enable companies licensed by the Dubai International Financial Centre to complete all export and import operations online and through shipping agents and express transportation companies “This MoU reflects the joint efforts between Dubai entities to push the wheel of economy forward and help curb the Covid-19 and its implications by finding world-class solutions in support of business and trade. 
 
In what has been a testing time, we maintained very good communication with the clients to listen to their suggestions and solve their problems.”
  
On her part, Alya Al Zarouni, Executive Vice President- Operations at Dubai International Financial Centre said: “Facilitating business and trade activity for the companies registered at the DIFC is one of our top priorities. With this strategic partnership with Dubai Customs we hope we can provide enough incentives to our clients to reduce the cost of conducting business activities in the emirate. 
 
There will be a number of benefits including easier import and transit of goods to the Financial Centre and customs duty exemptions, which will foster and maintain the leading position Dubai enjoys worldwide.”  
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