Dubai Customs anticipates the future of trade after "Corona" with a German delegation

24.6 billion dirhams in trade exchange between Dubai and Germany in 2020

Dubai Customs reported that trade exchange between Dubai and the Republic of Germany recorded a growth of 13.2% over the 10 years (2011-2020), rising from 21.7 billion dirhams to 24.6 billion dirhams during the year 2020.

In detail, the Director General of Dubai Customs, Ahmed Mahboob Musabih, discussed with a German diplomatic and economic delegation headed by the German Consul in Dubai, Holger Mahnick, the prospects for joint economic cooperation and strengthening trade exchange between Dubai and Germany, and the meeting touched on the future of the trade sector after the pandemic. Corona, and the role of Dubai Customs in supporting global supply chains and facilitating customs procedures on business and trade groups.

Trade exchange between Dubai and the Republic of Germany registered a growth of 13.2% over 10 years (2011-2020), rising from 21.7 billion dirhams to 24.6 billion dirhams, and preliminary data indicate that the value of trade in the past year was distributed at about 1.38 billion dirhams for exports, and 2.57 billion dirhams. Dirhams for re-exports, and 20.6 billion dirhams of imports.

Ahmed Mahboob Musabih welcomed the delegation, stressing Dubai Customs' keenness to develop cooperation with diplomatic bodies and German companies to keep pace with the strategic partnership in relations between the UAE and Germany in various fields, including trade, noting that the UAE ranks first in the Arab world in the index of economic recovery from the effects of "Covid-19", which shows the flexibility and dynamism of the national economy and its ability to absorb the effects of global challenges.

He said: “The Emirate of Dubai is keen, within the framework of the leadership’s directives, to strengthen economic and commercial cooperation with brotherly and friendly countries.

The Republic of Germany is an important trading partner for Dubai, as 300 German companies operate in Dubai, expressing his optimism about the future of the commercial and economic sector of the UAE in general and Dubai in particular, especially since this year will witness many international events hosted by the UAE, including the Expo. 2020 Dubai », indicating that 2021 is the year of recovery, economic growth and the return to normalcy, especially in light of the presence of the vaccine.

The Director General of Dubai Customs shared with the delegation some of the achievements made by Dubai Customs in the past year despite the challenges of the Corona crisis and its various effects, indicating that the department completed 16 million customs transactions with a growth of 23% over the year 2019, of which 13.8 million customs statements, an increase of 30%, are approved. 97% of the customs data was automatically obtained without human intervention within less than 10 minutes. The department also handled 19.8 million passengers through Dubai airports, and 13.7 million suitcases.

Distinguished relationships

The German Consul in Dubai, Holger Mahnick, said that "the Emirati-German relations are distinguished at all levels, and that the UAE is an important trading partner for Germany."

He added, "We trust Dubai's ability and the resilience of its economy to quickly recover from the effects of the Corona pandemic and achieve economic growth in various sectors, especially with the near hosting of the Expo, and Germany is participating in important events at the exhibition through the German pavilion."

Cross-border e-commerce

During the meeting, Dubai Customs reviewed the cross-border e-commerce project aimed at strengthening Dubai's position as a global logistical platform for the region, as e-commerce sales in the UAE are expected to grow by 23% to reach $ 27 billion (100 billion dirhams) in 2022, and recent data indicate To achieve a 10% growth in consumer use of electronic shopping channels after the Corona pandemic, as a result of the shift in consumer behavior.

Ahmed Mahboob Mosbeh:

"2021 is a year of recovery and economic growth, and we are optimistic that life will return to normal."

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