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Dubai, Singapore trade rises 22% in Jan-Sept period
DUBAI - Trade exchange between Dubai and Singapore has witnessed a significant growth of 22 per cent in the first nine months of 2010, according to a senior official.
Ahmed Butti, Director-General of Dubai Customs and CEO of the Ports, Maritime and Free Zone Authority, said that trade between the two sides hit Dh4.6 billion compared to Dh3.7 billion over the same period last year.
Butti made the announcement following a meeting with Clarence Yu, Singaporean Commissioner at Immigration and Border Authority, Chua Tuanming, Director of Operation Planning at Immigration and Border Authority, Dileep Nair, Consul General of Singapore in Dubai, and Malaysian Consul Sharifa Al Junaid.
Dubai Customs statistics show that the emirate’s imports from Singapore grew by 17.5 per cent during the first nine months of 2010. “Such stood at Dh3.2 billion against Dh2.7 billion over the same period last year,” he said.
As for Dubai exports to Singapore, they hit Dh364 million, and that constitutes an increase of 49 per cent opposed to Dh244 million from January to September 2009.
Re-exporting from Dubai to Singapore generated more than Dh1 billion in the same period this year against Dh818 million in 2009 which means a rise of 27 per cent.
The two parties discussed means to boost bilateral relations and trade. “Global co-operation between customs departments has become a necessity these days to develop customs systems and help exchange ideas and information, particularly on smugglers’ techniques,” Butti said.
On his part, Chua Tuanming said that challenges that customs departments face all around the world are very similar and that “makes it more necessary for these departments to enhance co-operation.”
Meanwhile, a presentation on the new customs clearing system Mersal-2 launched last year was introduced along with a detailed review of Dubai’s vision, mission and measures to maintain its international leading status.
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