December 6, 2020 by eklose
This year`s trade data, including a breakdown of U.S. exports to the United Arab Emirates by state, is available on a dedicated page on the UAE Embassy website. The Authority is also trying, through the Act of Bilateral Agreements, to achieve the objective it has adopted since the beginning of its work, such as “Towards a Safe Society … Fair Trade” in the reality on the ground, protecting local society from the negative economic, social and health effects of counterfeit and dual goods, monitoring transfers of dual-use materials, preserving intellectual property rights and rules of origin, and, in the meantime, facilitating the movement of trade between the United Arab Emirates and its trading partners around the world. International bilateral agreements should also achieve both sides of the goal of equal rights, namely `safe society and fair trade` through a range of fundamental axes contained in the agreements, including strengthening international cooperation in the area of customs, combating breaches detrimental to the Security, Economy and Security of the Community , improving customs awareness and culture through the exchange of knowledge and information. , the establishment of joint training courses, the adoption of legislation and regulations facilitating the transit and flow of goods, and the role of customs (authority) as economic partners and not as tax authorities. Other areas include the provision of agreements with basic rules that protect information about the legitimacy of access to information, use it for legitimate purposes, their suitability for the purposes for which it is needed and their safe retention. Dubai is the main regional export centre and has become the third largest export centre in the world after Hong Kong and Singapore. The main sectors of this flourishing trade, which has provided the United Arab Emirates with the first place among GCC countries for export, are electronics, electrical equipment, precious metals and stones. In addition, the United Arab Emirates has signed free trade agreements with Singapore and New Zealand (through the CCG agreement) and New Zealand and has begun discussions for similar agreements with the European Union, Japan, Australia, South Korea, India, Brazil, China, Argentina, Pakistan, Paraguay, Turkey and Uruguay. It has also concluded several agreements on the protection and promotion of investment and the prevention of double taxation. During its relatively short lifespan, bilateral agreements on technical and administrative cooperation in the field of customs are one of the main thrusts of the ACF`s regional and international act.
With respect to this issue, the ACF departs from the fact that it is the official federal customs authority that deals with customs issues, not to mention international obligations as an active member of the World Customs Organization, the World Trade Organization and the international community. The agreements of mutual technical and administrative cooperation in the field of customs are among the most important that the World Customs Organization points out for several reasons, including the following: in 2018, the United Arab Emirates was the largest export market in the Middle East for the United States, a distinction that took place for the tenth consecutive year.