Dubai to intensify fight against commercial fraud

Dubai will intensify its fight against counterfeiting and commercial fraud to protect its customers with best international standards, Sami Al-Qamzi, director general of Department of Economic Develo-pment (DED) said during the opening of Dubai World Conference Exhibition on Consumer Rights (DWCCR) and Power Brands Dubai show.
The three-day event was opened by Sheikh Majid bin Mohammed bin Rashid Al-Maktoum, chairman of Dubai Culture and Arts Authority at the Dubai World Trade Center on Monday.
The conference will enable the private sector and government to learn the best means to leverage such forecasts for sustained growth. Over 25 regional and international experts will share their observations on 12 critical issues on different aspects of consumer rights and counterfeiting.
“Upholding consumer rights and fighting unhealthy practices like counterfeiting are vital elements of the ongoing efforts to add transparency and neutrality to business in Dubai, and the UAE in general,” Al-Qamzi said.
“Earlier this year, the Federal Cabinet approved a new draft law on combating commercial fraud, reiterating the government’s commitment to protecting consumer rights and the integrity of trade,” Al-Qamzi stated.
“We have been implementing policies and regulations on consumer rights protection and best practices that would enhance Dubai’s reputation as a competitive retail destination,” he added.
“Retailing in Dubai has grown in real terms at more than 12 percent on average per year in the last decade, accounting for over AED 15 billion in 2011.
The future prospects are quite promising, with growth of the retail value-add forecast to exceed 5.5 percent annually up to 2015,” Al-Qamzi said.