Dubai Customs, South Korea Consulate explore fostering business

DUBAI, The Director of Dubai Customs, Ahmed Mahboob Musabih, has received the newly appointed South Korean Consul General, Jion Yung Wok, where the two sides discussed means to enhance cooperation and promote trade and investment.

During the meeting, Musabih reaffirmed the importance of enhancing cooperation with the South Korean diplomatic mission, business council and Korean companies.

Dubai non-oil external trade with South Korea grew 8.4 percent in 2017 compared to 2016 totaling AED 27.43 billion. The value of imports reached AED22.1 billion, while exports and re-exports amounted to AED4.47 billion and AED886 million respectively.

Musabih noted that Dubai Customs places great importance to promote ties with Dubai trade partners through provision of best customs facilities, services and products. “Enhancing trade ties with our partners will help them receive the best customs facilities, which will add great value to their business. There are many Korean companies in the UAE, and we work closely with them to keep them involved in developmental efforts and to help them have easy access to our products and services. We keep our channels of communication with the South Korean firms open,” he added.

“We also have effective communication with the South Korean diplomatic missions and the Indian Business Council through our programme ‘Irtibat’ which was launched by Dubai Customs to promote two-way communication with business councils and diplomatic missions in Dubai. This helps in making our partners and clients happier following the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai,” the Dubai Customs Director continued.

Musabih pointed out that business relations with South Korea is gaining more importance, and that it was the first country to sign the Authorised Economic Operator (AEO) mutual recognition agreement with the UAE.

On his part, Jion Yung Wok applauded Dubai Customs’ efforts in supporting national economy and developing tourism and trade, adding that Dubai Customs is a world class customs department that has a very advanced system which plays a major role in supporting trade and protecting society.

Source: Emirates News Agency