Federal Customs: through implementing 77.9 thousand transactions
463.3 million dirhams transferred customs duties between the countries of "cooperation" in the first half
Ali Saeed Al-Neyadi: "The value of customs duties reflects the stability of intra-regional trade, and its continuation at normal rates."
The total value of customs duties transferred between the countries of the Cooperation Council for the Arab States of the Gulf during the first half of this year amounted to 463.3 million dirhams, through the implementation of 77 thousand and 903 transactions (entitlement number), within the framework of the direct automatic transfer of customs duties between the GCC countries.
The data of the Federal Customs Authority showed that the value of customs duties, which were transferred by the UAE to the Gulf countries, for goods and goods that entered those countries through the state's customs ports (first entry points) amounted to the equivalent of 415.8 million dirhams, representing 89.7% of the total The sums transferred, during the first half of the year, through the implementation of 66.7 thousand transactions.
According to these data, the value of customs duties transferred from the countries of the Cooperation Council to the local customs departments in the country amounted to 47.5 million dirhams, as customs duties for goods and goods that entered the country through the Gulf ports, through the implementation of 11.2 thousand transactions, representing 10.3% of the total amounts Transferred, during the first half of 2020.
According to the Authority’s data, Saudi Arabia acquired a stake of 216.4 million dirhams, equivalent to 46.7%, followed by Oman with a share of 112.5 million dirhams, equivalent to 24.3%, while Kuwait came third with a share of 44.7 million dirhams, representing 9.7%, and Bahrain's share reached 40 million dirhams. 8.6%.
Customs Commissioner and Chairman of the Authority, Ali Saeed Matar Al Niyadi, said that the value of customs duties transferred between the countries of the Cooperation Council during the first half of this year reflects the stability of intra-GCC trade movement and its continuation at normal rates, despite the repercussions witnessed by the trade movement The global and commercial markets in the world during that period, which is considered a new testament to the ability of the UAE economy and the Gulf economies to face global economic and trade challenges, deal with them with flexibility and overcome their repercussions as soon as possible.