Dubai Customs Free Trade Agreement

In addition, the United Arab Emirates has signed free trade agreements with Singapore and New Zealand (through the CCG agreement) and New Zealand and has begun discussions for similar agreements with the European Union, Japan, Australia, South Korea, India, Brazil, China, Argentina, Pakistan, Paraguay, Turkey and Uruguay. It has also concluded several agreements on the protection and promotion of investment and the prevention of double taxation. The CCG-Singapore Free Trade Agreement (GSFTA) was signed on 15 December 2008 in Doha, Qatar. This is a landmark agreement to strengthen relations between the GCC countries and Singapore, not least because it is the first free trade agreement (FTA) signed by the GCC and the second free trade agreement Singapore will sign with the Middle East. The United Arab Emirates is a party to several multilateral and bilateral trade agreements, including with GCC partner countries. Under the GCC, the United Arab Emirates enjoys close economic relations with Saudi Arabia, Kuwait, Bahrain and Oman, which means that the United Arab Emirates shares a common market and customs union with these nations. As part of the Agreement on the Large Arab Free Trade Area (GAFTA), the United Arab Emirates has free access to Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, Jordan, Egypt, Iraq, Lebanon, Morocco, Tunisia, Palestine, Syria, Libya and Yemen The United Arab Emirates also signs the World Trade Organization (WTO) Information Technology Agreement (ITA) , a treaty representing 78 countries (representing 97% of international trade products). The many products covered by the treaty are estimated at more than $1.300 billion per year. The Government of Abu Dhabi has established the Advisory Committee on Free Trade Agreements, which aims to lift trade restrictions between the Emirate of Abu Dhabi and the countries with which the United Arab Emirates is negotiating a free trade agreement. During its relatively short lifespan, bilateral agreements on technical and administrative cooperation in the field of customs are one of the main thrusts of the ACF`s regional and international act. With respect to this issue, the ACF departs from the fact that it is the official federal customs authority that deals with customs issues, not to mention international obligations as an active member of the World Customs Organization, the World Trade Organization and the international community. Reciprocal technical and administrative cooperation agreements in the area of customs will be among the most important conventions of the World Customs Organization for several reasons, but these are: despite this, there are certain exceptions to this simplification in cases where an importer wishes to apply for a tariff exemption in accordance with the provisions of an applicable free trade agreement.

As a member state of the Gulf Cooperation Council (GCC), the United Arab Emirates participates in various free trade agreements, such as the Gulf Cooperation Council Customs Union, the Wholesale Arab Area (GAFTA), the European Free Trade Association (EFTA) and the Gulf-Singapore Free Trade Agreement. Therefore, in order to benefit from customs deductibles for imported products originating in the Member States of these free trade agreements, the importer must continue to present a separate COO applicable to any movement of potentially qualified imported goods. The GSFTA provides for rights and obligations to facilitate the free movement of individuals who trade and invest between the contracting parties. A natural person of a contracting party is a natural person who, in accordance with his respective laws, has a national or permanent residence in a GCC member state or Singapore. The presence of foreign individuals as a self-employed employer is not permitted. According to the Federal Customs Authority (FCA), the United Arab Emirates has also signed agreements with the following countries: Islamic Republic of Pakistan (2006), Algerian Republic (2007), Republic of Azerbaijan (2011), Republic of India (2012) Republic of Kazakhstan (2012), Silver Republic