The UAE issued a new amended customs law for the Federal Customs Authority (FCA) to streamline customs processes and facilitate trade. The law will adopt best practices in customs risk management and develop joint regulations to unify all customs procedures and ease processes at the UAE’s border checkpoints. Centralized procedures for revenue collection will also be coordinated across Gulf Cooperation Council Member States.
In related news, the Port of Jebel Ali in Dubai was recently ranked as the ‘World’s Most Productive Port’ by the Journal of Commerce, and the port’s processing capacity is only expected to increase by the end of 2015 with the addition of new infrastructure. These developments make it evident that the UAE is serious about Customs modernization and is expected to continue making smart investments in border management and trade facilitation.
