Business | General
Decree announces UAE's official accession to Revised Kyoto Convention
The decree instructs the Federal Customs Authority Chairman to take the actions required for finalising the accession
- Staff Report
- Published: 16:17 May 30, 2010
- Image Credit: Gulf News
Abu Dhabi: President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has issued a decree on the accession of the UAE to the Revised Kyoto Convention in order to facilitate and coordinate the customs procedures after the decree has been approved by the members of the Supreme Council and rulers of the emirates.
The decree instructs the Federal Customs Authority Chairman to take the actions required for finalising the accession to, and implementation of, the Convention.
Khalid Ali Al Bustani, Acting General Manager of the Federal Customs Authority, said that joining the Revised Kyoto Convention, with its advanced customs procedures, would enhance trade activities and increase cooperation between the UAE and the world taking into consideration the country's status and position on the map of the world trade.
"Joining this Convention will benefit the UAE's economy since it will facilitate and increase international trade activities and consolidate the efforts currently made to support the country's competitiveness in this regard by the application of international security initiatives and making readily- available the data in order to apply standards for specifications of high risk trade deals and the application of secure technical systems," Al Bustani said.
He added that the Convention will hopefully facilitate customs procedures through the cancellation of policies and procedures that restrict and affect the principles of free market.
"It also promotes various brands of market products through encoding and facilitation of goods customs procedures, thus reinforcing the effectiveness of the above procedures through minimizing steps currently in practice for customs clearance operations," he said.
Al Bustani said that the commitment of the member countries to employing the same standards will enhance the efficiency of customs procedures and save time required for processing the customs clearance operation.
Moreover, the application of special standards for importers and their classifying according to risk management will facilitate the tasks undertaken by the customs authorities dealing with this sector, and reduce possible financial losses through the enhanced transparency application and advanced technologies.
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