Dubai Customs discusses furthering trade cooperation with South Korea

Press release
Published August 2nd, 2022 - 08:45 GMT
Dubai Customs discusses furthering trade cooperation with South Korea

Director General of Dubai Customs and CEO of Ports, Customs and Free Zone Corporation HE Ahmed Mahboob Musabih held a virtual business meeting to enhance trade cooperation and partnership with South Korea. He was joined in the meeting, which falls under the Ertebaat initiative, by HE Moon Byung-Jun, South Korea Consul General and the members of the South Korean Business Council in Dubai. Dr. Abullah Busanad, Executive Director for Customs Inspection, alongside a host of senior officers and heads of departments from Dubai Customs also attended the meeting. 

The meeting covered topics such as the means of boosting economic cooperation between South Korea and the UAE and expanding cooperation with South Korean businesses and diplomatic missions.

Musabih reaffirmed the importance of cooperating with the South Korea’s diplomatic missions and companies to support mutual trade between the two friendly states through providing high quality services and facilities to clients and partners.

“It’s very important for us to boost ties of partnership with our friends in the South Korean business councils and corporates,” said Musabih, underlining that the growing bilateral ties between the UAE and Korea drive more business cooperation and partnership, capitalizing on the recent economic and trade agreements signed between the two countries.

He added: “Ties with our partners are gaining more weight and momentum, and we are working hard at Dubai Customs to develop our initiatives for a better delivery of services and products. The UAE - South Korea’s growing trade cooperation has led to the signing a mutual recognition agreement for the implementation of the Authorised Economic Operator (AEO) program, which supports a rise in mutual trade taking advantage of  the facilities and incentives offered to traders and businesses certified as trusted AEOs in both countries. The UAE has already 107 companies joining the local AEO program.”

The Director General of Dubai Customs pointed out that the authority processed 12.7 million customs transactions in the first half of 2022, against 24 million customs transactions completed in 2021. 

“We continuously develop our business operating models to support our partners’ trade activities and reduce the cost of their operations. Any success we make is also a success to our partners. With this vision always in mind, we achieved 98% on the customer happiness index.” 

Byung-Jun, on his part, thanked Dubai Customs for their steadfast commitment to offering seamless and convenient services and facilities to South Korean businesses and to further reinforcing collaboration with South Korea diplomatic and business representative bodies. “This, besides serving the interests of both parties, also fosters a favourable environment for easing trade and investment activity between India and the UAE through expanding economic and investment possibilities and enabling South Korean traders to enhance their operations in the region without any hassle.”

In the meeting, presentations on the Authorized Economic Operator, the Cross Border e-Commerce Platform, as well as the World Logistics Passport were delivered, highlighting the great added-value benefits and these initiatives bring to trade facilitation and overall business empowerment. 

Background Information

Dubai Customs

Dubai Customs is one of the leading government departments taking part in enhancing sustainable development and promoting Dubai’s image worldwide, turning it into a principal capital, business and tourism destination, as it facilitates smooth movement of legitimate trade and leverages economic and social development, the matter which is consistent with its slogan stating "gateway to Dubai’s prosperity", because prosperity is usually based on free trade through a safe, fast and practical environment to meet the needs of people and adapt to their requirements. This in addition to DC’s main role to protect society and borders against those who try to smuggle prohibited substances to or through Dubai threatening the community safety and security.

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