Dubai Customs organizes 3rd DCCC meeting 2022 amid expectations of more economic growth

Dubai Customs organizes 3rd DCCC meeting 2022 amid expectations of more economic growth

Dubai: His Excellency Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation said that the economic sectors in the UAE are performing positively and are likely to achieve more growth.

The UAE's foreign trade for the first 6 months of this year exceeded one trillion dirhams, and the tourism sector recorded revenues of more than 19 billion dirhams. Moody's Investors Service forecasts UAE real GDP growth of 6%-7% in 2022, and the non-oil economy of 4% to 5%.

His Excellency stressed during the meeting of the 3rd Dubai Customs Consultative Council (DCCC), in the presence of His Excellency Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, and business and trade groups in the emirate, that the comprehensive economic partnership agreements concluded by the UAE will push up foreign trade rates even further and consolidate the country's position as a main hub in international trade.

He noted that Dubai Customs stands firmly in support of these agreements through continuous development of its smart customs systems, which resulted in significant increase in customs transactions to 12.7 million in the first half of 2022 compared to 11.3 million in