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Tue 23 Aug 2016 03:50 PM

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Dubai-UK trade totals $1.82bn in first quarter of 2016

Dubai Customs holds talks with senior British officials in bid to expand bilateral trade

Dubai-UK trade totals $1.82bn in first quarter of 2016

Dubai-UK trade totalled AED6.7 billion ($1.82 billion) in the first quarter of 2016 and Dubai Customs says it is looking at ways of expanding bilateral trade.

Imports accounted for AED4.6 billion in Q1, exports AED393 million and re-exports AED1.66 billion, Dubai Customs director Ahmed Mahboob Musabih said in comments published by news agency WAM.

It added that total trade for 2015 was AED29.7 billion.

"Expanding two-way trade with the UK is our focus at Dubai Customs," he said, adding: "In line with UAE leadership’s directives, we endeavour to strengthen our commercial and customs relationships with the British counterparts to drive growth in Dubai’s bilateral trade with the United Kingdom as one of Europe’s largest trading markets."

His comments came as he received officials from the British Embassy.

Attended by Faisal Issa Lutfi, CEO of Dubai Customs World and external relations director at Dubai Customs, the meeting aimed at exploring stronger economic and commercial ties between the UAE and the United Kingdom.

Lutfi said: "The regular meetings with foreign diplomatic corps are an opportunity to share rich expertise of Dubai Customs with friendly countries when it comes to enhancing customs work around the world. Strengthening customs co-operation with British Customs is part of our strategy in this regard."

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