Dubai Chamber of Commerce Facilitates AED 4.3 Billion Worth of ATA Carnet Transactions in 2024
This reflects Dubai's growing prominence as a global hub for exhibitions, conferences, and events.
ATA Carnets, often referred to as 'merchandise passports,' enable the temporary cross-border movement of goods for up to one year without incurring customs duties. These documents play a crucial role in streamlining international trade fairs by allowing businesses to import commercial samples, professional equipment, and exhibition materials seamlessly.
Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, emphasized the significance of the ATA Carnet system in simplifying customs procedures, making Dubai an attractive destination for global events. The system, developed in collaboration with Dubai Customs, the Federal Customs Authority, and UAE chambers of commerce, enhances trade efficiency while reducing costs for businesses.
Established under the Istanbul Convention of 1990, the ATA Carnet system allows exporters to save on VAT and customs duties while eliminating the need for security deposits. It also enables business travelers and exhibitors to visit multiple countries using a single document, ensuring smooth border crossings and efficient customs clearance.
By facilitating hassle-free trade and international participation, Dubai Chamber of Commerce continues to strengthen Dubai's position as a leading global business and events destination.
News Source: Emirates News Agency
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Dubai Eye
2 hours ago
- Dubai Eye
Dubai's GDP grows 4% in Q1, touching AED 119.7 billion
Dubai recorded a GDP of AED119.7 billion in the first three months of the year, marking a 4 per cent growth during the same period last year, driven by strong performances and expansion across various sectors. The growth was driven by standout performances in trade, real estate, financial services, transport and industry sectors that collectively contributed nearly 78 per cent of the total growth achieved during the year. Most notable achievement came from the human health and social work sector hitting AED 1.9 billion in its first quarter of 2025, rising by 26 per cent from the same period last year. Dubai's real estate sector contributed 7.5 per cent of the emirate's GDP with a total value of AED 9 billion, while financial and insurance achieved a growth of 5.9 percent in the first quarter of 2025, reaching AED16 billion. The accommodation and food services sector recorded 3.4 per cent growth, reaching AED4.9 billion, while information and telecommunication sector grew by 3.2 per cent, with a total value of AED5.3 billion. The wholesale and retail trade sector made 23 per cent contribution to the economy, with a value of AED27.5 billion. The manufacturing sector grew by 3.3 per cent, reaching AED8.7 billion in Q1 and the transport and storage sector grew by 2 per cent, reaching AED15.7 billion.
Dubai Eye
2 hours ago
- Dubai Eye
Al Wasl ranked highest market value following top signings
Al Wasl topped the list of the most active and highly valued clubs in the 2025-26 ADNOC Pro League summer transfer market ahead of the new season beginning August 16. The announcement was made under Transfermarkt, a a global website specialising in club and player statistics. The most notable signings include Brazilian Pedro Malheiro, who recently joined Al Wasl from Trabzonspor, Turkey, for a market value of around AED 25.8 million, making him one of the league's most expensive signings this season. He was joined by Brazilian defender Willian Rocha, who joined Al Jazira from CSKA Moscow, Russia, for the same value. Other top signings include Brazilian Matheus Saldanha, who joined from Hungarian side Ferencvarosi for AED 21.5 million, and his teammate Adrilson da Silva, who joined from French side Olympique Lyonnais for AED 15 million. The rest of the league's notable deals also reflected active activity at other clubs, with Iranian Mehdi Ghaedi, a player for Al-Nasr, arriving from Kalba Club, for AED 21.5 million, and Argentinian Elian Mateo Irala, a player for Shabab Al-Ahli, arriving from Argentinian club San Lorenzo, for the same amount. The market value of Egyptian Ibrahim Adel, a player for Al-Jazira, arriving from Pyramids FC, and Argentinian Lucas Vera, a player for Al-Wahda, reached around AED 15 million each.
ARN News Center
4 hours ago
- ARN News Center
Dubai's GDP grows 4% in Q1, touching AED 119.7 billion
Dubai recorded a GDP of AED119.7 billion in the first three months of the year, marking a 4 per cent growth during the same period last year, driven by strong performances and expansion across various sectors. The growth was driven by standout performances in trade, real estate, financial services, transport and industry sectors that collectively contributed nearly 78 per cent of the total growth achieved during the year. Most notable achievement came from the human health and social work sector hitting AED 1.9 billion in its first quarter of 2025, rising by 26 per cent from the same period last year. Dubai's real estate sector contributed 7.5 per cent of the emirate's GDP with a total value of AED 9 billion, while financial and insurance achieved a growth of 5.9 percent in the first quarter of 2025, reaching AED16 billion. The accommodation and food services sector recorded 3.4 per cent growth, reaching AED4.9 billion, while information and telecommunication sector grew by 3.2 per cent, with a total value of AED5.3 billion. The wholesale and retail trade sector made 23 per cent contribution to the economy, with a value of AED27.5 billion. The manufacturing sector grew by 3.3 per cent, reaching AED8.7 billion in Q1 and the transport and storage sector grew by 2 per cent, reaching AED15.7 billion.
