Dubai Trade and Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, have simplified trade services for exporters and re-exporters in the country by collaborating to provide membership and Certificates of Origin (COO) services through the Dubai Trade portal.
A COO determines the origin of exported or re-exported goods and helps estimate customs tariffs, as it contains the primary data on trade shipments. Dubai Trade’s single window will enable exporters in Dubai to instantly request, pay and generate the COO via its single window. This is a significant milestone in the platform’s offerings and in its efforts to facilitate seamless cross-border trade and will enable exporters to complete their end-to-end export journey of the trade from cargo handling to customs clearance.
Saif Al Hattawi, Executive Director of Digital and Commercial Services at Dubai Chamber of Commerce, said: “Dubai Chamber of Commerce is constantly working to strengthen Dubai’s position as a global gateway for trade that supports business growth and enables local companies to access business opportunities in target markets. Certificates of Origin are crucial to facilitating and driving international trade. Through our cooperation with Dubai Trade, we are improving the ease of doing business and removing barriers to trade to boost Dubai’s foreign trade to AED 2 trillion in line with Dubai’s Foreign Trade Plan and enhance the competitiveness of the Emirates’ commercial and logistics sectors.”
Integrating the COO on the Dubai Trade platform is part of their agreement, signed in March, to cement Dubai’s position as a leading global business hub and streamline the trade process for more than 180,000 customers. It provides transparency in business transactions, facilitating access for Emirati products to international markets and enhancing foreign trade.
Mohamed Ahmed AbuHamra, Acting Chief Operating Officer of Dubai Trade, said: “We are committed to facilitating trade and positioning Dubai as the leading trade and logistics hub and adding value to the trading community. Our goal has always been to ensure ease of business in Dubai and drive the country’s digital transformation efforts. By providing our customers access to Certificates of Origin through the unified logistics and trade platform, Dubai Trade aims to support the UAE’s efforts to augment the Digital Economy and enhance the customers’ experience by delivering the best in class services for logistics and supply chain industry stakeholders”.