277 companies registered to Dubai Customs’ Client Accreditation Program
Enormous achievements contribute significantly to the growth of Dubai economy
Dubai Customs announced today that 277 companies have registered to the Client Accreditation Program, which was launched in March 2007, 33 of which belong to the Gold category and 244 to the Bronze category. All registered firms are recognized for their enormous and efficient economic activities, and enjoy a clean record of commitment in terms of customs requirements, regulations and legislation.
As a result, Dubai Customs succeeded to realize several achievements and contribute to the economic growth of Dubai, as the volume of customs transactions of the accredited companies in 2007 increased by 16.5 per cent year on year. The imported goods also increased 27 per cent year on year, while the total customs duties rose by four per cent, with the most prominent achievements was the improvement in the overall credit guarantees (company guarantees), which achieved an increase of 72.8 per cent.
Guided by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President Prime Minister & Ruler of Dubai to make Dubai a global hub for trade, tourism and finance, Dubai Customs launched the Clients Accreditation Program in March 2007, in line with the directives and initiatives of the World Customs Organization (WCO) regarding trade facilitation, simplification of customs procedures and application of best practices and global standards.
Ahmad Bin Lahej, Senior Manager, Client Partnership Department, commented on the results achieved through the program saying that they point to the success of the principle of partnership with the private sector, which was adopted by Dubai Customs. “We concentrated on the basis of shared responsibility and cooperation to contribute to the achievement of common goals, to encourage investment and promote economic growth of Dubai”, he concluded.
