The Dubai Chamber video highlights the continuing growth they are seeing. With The UAE being relatively new members of the ATA carnet family, interesting to note the importance they place on carnets to help with business.
Dubai Chamber recently help a meeting with Ras Al Khaimah and Madinah (Saudi Arabia) chamber staff, to share best export practices. ATA Carnets significant in their discussions, with Dubai having issued 5,500 in 2016.
At the end of last year, Dubai Chamber hosted a team from Kuwait. Their country having just opened a Business Council office in Dubai and looking to adopt the use of ATA carnets.
Reasonable to say that Dubai is the centre of ATA Carnet UAE development. The training and implementation they put in place to take this forward was first rate, good to see them sharing knowledge.
ATA Carnet Use In The UAE
Adoption has moved on from the first phase, when notification was required to Dubai if a carnet was issued, the clear time period only guaranteed at six months and not all categories accepted.
ATA carnets can be used for items on show at trade fairs, or exhibitions and are now valid for 12 months. They can also be used for goods in transit, or unaccompanied goods.
Principle points of entry are the main ports, or airports in Dubai and Abu Dhabi. Customs staff there are generally well briefed and you are likely to find English spoken, the business language of the UAE.
Business In Dubai & The UAE
The UAE and UK have bilateral trade of around £17 billion, with a 2020 target of £25 billion. Dubai tends to be the hub for this and the UAE is itself a trading hub for the entire region.
The physical growth of Dubai and other cities has been remarkable, small towns of thirty years ago have become cities with impressive buildings.
As commanding as the skyscrapers and leisure facilities are, business changes are greater. Oil and gas income has been used to create vibrant sectors in finance, media, IT and specialist manufacturing.
Dubai and other emirates are looking to the future. With the current situation in flux regarding Europe and other parts of the world, the UAE is an area where British business can find opportunity.
Temporary Export To The UAE
If you are visiting the UAE on business and taking equipment, samples, or a multitude of other items, an ATA carnet will make sense. This could also be used for several journeys during the 12 month validity period.
Dubai Chamber’s website highlights the value of carnets for temporary export and import. Stating this will help trade shows attract overseas exhibitors, assist with other events and ensure they are part of the global economy.
The UK Institute of Export produces an in depth guide book on doing business in The UAE. If we can help in any way, by all means see more on our support for ATA carnet, in The UAE, Dubai and across the globe.