Dubai: President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has issued Federal Decree No 33 of 2010 regarding the accession of the UAE to the Revised Kyoto Convention in order to facilitate and coordinate the customs procedures.
The move will make the UAE trade, which last year reached a whopping $349.1 billion, more competitive. As many as 64 countries have already joined the Convention.
The decree tasks the Federal Customs Authority Chairman to take the necessary steps 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 would enhance trade activities and increase cooperation between the UAE and the world.
"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 pointed out that as soon as the decree was issued, the Authority started addressing the local customs departments, the Ministries of Economy, Foreign Trade, Finance, Foreign Affairs, as well as customs departments in all GCC states and the World Customs Organisation to notify them.
