Dubai issues eight new customs policies and announces DubaiPay as a new payment method : UAE Wrap
Eight new customs policies issued
Dubai Customs has issued eight new policies, in order to secure the flow of trade and facilitate the flow of goods and shipments to commercial markets without delay, according to a statement issued by the Dubai Media Office.
Over a period of time between January 2020 and April 2022, the Department of Tariff & Origin released eight major customs policies relating to passengers’ disclosures of currencies, negotiable financial instruments, precious metals and precious stones.
“These customs policies issued by the Tariff & Origin Department aim at the first place to facilitate trade by defining controls and procedures applied at Dubai Customs to implement customs measures related to trade agreements with member states that have agreements with the GCC countries,” said Ahmed Al-Khrousi, Director of Tariff & Origin Department in a statement.
The customs policies issued during this period dealt with enabling a country’s free trade agreements with other countries and determining the origin of its products for the purposes of applying non-preferential and preferential treatment to the originating products.
Additionally, the department established a customs policy which governs exchange conditions and controls for trade, as well as an Arab free trade zone, to facilitate the implementation of this agreement.
Furthermore, the organization released a customs policy on the conditions and controls for applying the Free Trade Agreement to the countries of the European Free Trade Association.
Additionally, the policies described the procedures for applying the TIR Carnet, which outlines how to deal with land-transported trade following TIR arrangements.
The TIR Carnet allows road transport of goods in transit between countries that are members of the TIR Convention without the payment of duties and taxes.
Dubai announces DubaiPay as a new payment method for Al Ansari Exchange
DubaiPay’s payment services will be made available to Al Ansari Exchange users through its partnership with the Government of Dubai, represented by the Department of Finance (DoF) and Dubai Smart Government Establishment (DSG), according to a statement issued by the Dubai Media Office.
The agreement was signed by Wesam Al Abbas Lootah, CEO of DSG, Jamal Hamed Al Marri, executive director of Central Accounts at DoF, and Rashed A. Al Ansari, CEO of Al Ansari Exchange, at the headquarters of Digital Dubai.
Al Ansari Exchange, one of DubaiPay’s first private companies, will become one of the company’s service providers. DubaiPay is now available on Al Ansari Exchange’s mobile app as an alternative payment method.