Premier online platform uses technology and best practice to keep Dubai’s trade channels flowing smoothly
Dubai, United Arab Emirates, Thursday, November 11th 2010 [ME NewsWire]:
Jamal Majid Bin Thaniah, Chief Executive Officer, Dubai World and Chairman of Dubai Trade, today (November 11) welcomed a World Bank report that ranks UAE as the 3rd best country in the world for enabling trading across borders and praised the crucial role played by Dubai Trade, the online service provider, in this achievement.
The World Bank’s annual “Doing Business” report for 2011 said the UAE has steadily moved up the rankings list in the “Trading across Borders” category, from 5th position last year and 13th in 2009.
The report is based on detailed compilation and analysis of export and import data, documents associated with every official procedure and the time and cost consumed in completion of transactions.
Dubai Trade, as the leading trade facilitator under Dubai World, has been a principal source for collection of the data and communication with the World Bank team for the past 3 years.
H.E. Jamal Majid Bin Thaniah, Chief Executive Officer, Dubai World and Chairman of Dubai Trade, said:
“The World Bank ‘Doing Business’ report is an important benchmark to measure the high level of excellence that the UAE and Dubai have maintained over the years in promoting trading across borders. The seamless and efficient movement of goods enabled by Dubai Trade’s online portal deserves full praise. We congratulate Dubai Trade for helping keep this country’s competitive edge truly sharp.”
Dubai Trade has a well-established association with the World Bank’s “Doing Business” project to compile accurate and credible reports on the global trade flow patterns and how the 183 countries on its list has fared on a yearly basis.
H.E. Ahmed Butti Ahmed, Executive Chairman of Ports, Customs and Free Zone Corporation and Dubai Customs Director General, and Board Member of Dubai Trade stressed that developing hi-tech systems which provide a complete set of electronic services through Dubai Trade Portal such as Mirsal 2 and other systems related to the private sector organizations and the cargo and logistics companies, immensely contributed to boosting the volume and percentage of international trade movement in the UAE including re-exporting.
Mohamed Al Muallem, Senior Vice President and Managing Director, DP World UAE Region, and Board Member, Dubai Trade, said:
“Dubai has a long history of using technology to achieve excellence in what it does. The gate automation, e-token and e-payment systems we have installed at Jebel Ali Port fit in perfectly with the online platform created by Dubai Trade. UAE’s top ranking in the World Bank report is a direct result of the successful use of technology along with regulatory best practices that underpin all our operations.”
By gathering and analyzing comprehensive quantitative data to compare business regulation environments across economies and over time, “Doing Business” encourages countries to compete towards more efficient regulation, something that Dubai Government has been steadily implementing.
Dubai Trade’s credibility also flows from the fine-tuned procedures it follows in collecting data from the trading community, validating them by bodies such as the Executive Council, Emirates Competitiveness Council.
Mahmood Al Bastaki, Director, Dubai Trade, said:
“The ranking achieved by the UAE in the latest World Bank report reflects the deep desire in this country to be the best. This demonstrates that UAE is the preferred destination for traders where bureaucratic procedures are either simplified or eliminated and customers are attended to with full attention. We at Dubai Trade are proud to have contributed to achieving this and will continue with our mission to be the Number 1 in what we do.”
The Dubai Trade Portal (www.dubaitrade.ae) offers a remarkably seamless business flow for trade facilitation and proven cost effectiveness for clients using it as the single window which integrates over 700 online services of DP World, Economic Zones World, Dubai Customs, and Dubai Multi Commodities Center.
-ENDS-
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