The Global Customs & Trade Facilitation Summit kicks off today Monday, October 27, at the Emirates Towers in Dubai, United Arab Emirates. The Summit, running till the 29th, is held as part of the Global Trade Development Week – EMEA.
In strategic partnership with Dubai Customs, the Summit aims to highlight the role of customs in trade facilitation and the importance of further cooperation and sharing of information between customs authorities and the business sector to get trade moving.
H.E. Ahmed Mahboob Musabih, Director of Dubai Customs, will deliver a keynote speech at the Summit; addressing the role of customs in boosting economic competitiveness and international trade development. Musabih will also showcase DC’s experience in Customs systems’ development and the utilization of the latest IT applications to facilitate legitimate trade.
The Summit is attended by eminent delegates from industrial and emerging markets and economies, ministries of economy and finance and customs administrations from China, South Korea, Argentina, Albania, Brunei, Togo, Sudan, Palestine and the GCC states, among others.
Speakers include a line-up of prominent world organizations’ leaders, representing the EU Commission, WTO, Interpol, the United Nations Office for Project Services (UNOPS), and the International Islamic Trade Finance Corporation (ITFC), as well as representatives’ from the world’s largest corporations, such as IBM, Huawei, Nokia and Nestle.
The panel sessions, held as part of the Summit, will shed light on the perspective of private and public sectors towards the liberation of global trade, and its role in eliminating trading barriers, increasing trade and investment transparency. They discussions will also look into the role of technology in supporting trade facilitation and streamlining the movement of cargo across borders, besides addressing the need for risk management programs limiting risk factors within the international supply chains.
H.E. Ahmed Mahboob Musabih stated, “The Global Customs and Trade Facilitation Summit is an international platform for sharing experiences and ideas between trade facilitation experts from customs agencies and trade government departments and the private sector. The goal is to create a common vision on the need for customs work development towards the facilitation of cross-border flow of goods around the world, to optimally benefit trade liberalization through WTO agreements.”
The 2014 edition of Global Trade Development Week – EMEA brings together 600 trade leaders and decision makers from over 90 nations. Activities making up the Global Trade Development Week include four international summits in areas of trade, finance, realestate and investment.