Today: 2 April 2025
25 September 2024
1 min read

UAE, US sign deal to boost customs cooperation

Ali Mohammed Al Shamsi stated that the agreement will strengthen the economic partnership between the two nations, increase trade exchange…reports Asian Lite News

 The United Arab Emirates and the United States of America signed an agreement today on the sidelines of President His Highness Sheikh Mohamed bin Zayed’s official visit to the US. The agreement relates to cooperation in customs matters and aims to enhance economic, trade, and customs cooperation, as well as the exchange of customs expertise and information between the two countries.

The agreement was signed on behalf of the UAE by Ali Mohammed Al Shamsi, Chairman of the Federal Authority for Identity, Citizenship, Customs and Port Security, and Troy A Miller, Acting Commissioner of US Customs and Border Protection.

Ali Mohammed Al Shamsi stated that the agreement will strengthen the economic partnership between the two nations, increase trade exchange, reduce customs violations and illicit trade, and expand technical customs cooperation through the exchange of information and expertise. It will also raise the level of national competencies through training and exposure to best practices in the customs field.

Al Shamsi added, “Bilateral trade between the two nations continues to grow steadily, fuelled by the depth of our political and economic ties. This growth brings numerous benefits, with a clear focus on strengthening customs relations, expanding the scope of trade, and leveraging best practices to overcome challenges that could hinder the smooth flow of goods along shared supply lines.”

He further explained that the significance of signing this cooperation and mutual assistance agreement in customs matters with the United States lies in the UAE’s pivotal role as a regional gateway for global trade, and the importance of the US – whose economy remains the largest in the world – as a historical and strategic economic partner for the UAE.

ALSO READ: UAE President visits National Children’s Hospital in Washington

Previous Story

‘India-UAE trade set to surpass $100b target before 2030’

Next Story

Four UAE soldiers killed, 9 injured on duty

Latest from -Top News

Indian-American Takes Office as Head of NIH

Born in Kolkata, India, Dr. Bhattacharya earned both his BA and MA degrees in economics from Stanford University, followed by a doctorate in medicine and a PhD in economics from the same

Trump-Putin bhai, bhai

The closer Trump and Putin get Britain, France and other Western countries which, since the end of the Second World War, have seen America as an ally, will have to rethink their

‘Harry is a bully’

Sophie Chandauka says duke unleashed ‘Sussex machine’ but source close to ex-trustees claims accusation baseless The chair of a charity established by Prince Harry has accused him of “harassment and bullying at
Go toTop

Don't Miss

Oil prices are yet to peak: UAE energy minister

Oil prices are nowhere near their peak as an impending

UAE, Japan to establish joint business council

The formation of the council is aimed at developing joint