RTA revealed that a total of 15.29 million transactions were made via smart apps alone
Rashed Abdul Karim Al Balooshi, Undersecretary of Added, said the new initiative will help improve the efficiency of local export activities, and address logistical constraints that are leading to higher export costs. The programme will increase domestic export volume as well as attract new foreign investors to Abu Dhabi.
The first one is external or international constraints imposed by countries on their borders or within their territories. These include tariffs or protection and anti-dumping duties imposed on imported goods to protect the local industries from harmful trade practices. Other constraints are procedural challenges in entry points as well as in the distribution and marketing channels of the target country.
The second type involves logistical constraints such as transportation, shipping, handling, storage and clearance costs or any other fees. Al Mazrouei added that the additional fees raise the cost of export operations and, consequently, reduce the companies' competitive edge.
ashwanikumar@khaleejtimes.com
RTA revealed that a total of 15.29 million transactions were made via smart apps alone
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