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UAE: What are Certificates of Origin and how Abu Dhabi's 10.3% rise proves a shift from oil dependence

UAE: What are Certificates of Origin and how Abu Dhabi's 10.3% rise proves a shift from oil dependence

Time of India3 days ago
Certificates of Origin certify that goods are produced in a specific country, essential for customs, tariffs, and export compliance/ Image: File
The Abu Dhabi Chamber of Commerce and Industry has reported a significant increase in the issuance of Certificates of Origin over the past year. This development highlights the emirate's growing industrial base, increased trade activity, and a steadily advancing economic diversification strategy aimed at reducing dependence on oil exports.
Certificates of Origin: Their role and relevance
A Certificate of Origin (COO) serves as an official document confirming that the goods in a shipment are wholly obtained, produced, manufactured, or processed in a specific country. These certificates are vital tools in international trade, helping businesses clear customs, determine applicable tariffs, and comply with import regulations in target markets.
In Saudi Arabia and across the GCC, a valid COO is often mandatory for both exports and imports.
Without it, companies risk facing shipment delays, regulatory penalties, or outright rejection of goods. In this context, chambers of commerce, such as the one in Abu Dhabi, play a central role, acting as accredited bodies authorised to issue these certificates.
Growth in COO issuance reflects rising export momentum
Between June 2024 and June 2025, the Abu Dhabi Chamber recorded a 10.3 percent increase in the number of COOs issued. This growth signals a wider and more active base of local exporters, as well as heightened economic activity across non-oil sectors.
The Chamber attributes this uptick to Abu Dhabi's expanding industrial capacity and its growing reputation as a key regional player in trade and investment.
Sectorally, the bulk of these COOs were issued to businesses involved in chemicals, metals, and engineering — all areas that point to a robust and diversified manufacturing ecosystem. Notably, small and medium-sized enterprises (SMEs) have shown increased participation in export activities, driven by support mechanisms provided by the Chamber.
These include specialised training programs, business matchmaking efforts, and collaboration with regional and international trade entities.
The broader export landscape also aligns with these trends. During the first half of 2025, Abu Dhabi's non-oil foreign trade surged by 34.7 percent. Within that, non-oil exports leapt by 64 percent, re-exports grew by 35 percent, and imports rose by 15 percent. These figures build on the previous year's performance, which also saw strong growth: non-oil trade rose by 9 percent, exports increased by 16 percent, and imports by 3 percent.
Strategic implications for Abu Dhabi's economy
The increasing number of Certificates of Origin being issued by the Abu Dhabi Chamber is seen by its leadership as a strong indicator of export sector vitality and a reflection of the emirate's deepening integration with global trade networks. Shamis Al Dhaheri, Second Vice Chairman and Managing Director of the Chamber, considers this sustained rise as clear proof of the competitiveness of Abu Dhabi-based companies and their growing capacity to enter and thrive in international markets.
Al Dhaheri has attributed this momentum not only to market confidence in locally produced goods but also to the Chamber's continued investment in supporting export-ready businesses. He noted that Abu Dhabi companies, especially small and medium-sized enterprises, are increasingly leveraging the Chamber's services, including export training, market access programs, and strategic trade partnerships, to expand their global footprint.
He also emphasized that the Chamber is focused on enabling exporters to benefit from customs advantages provided by bilateral and multilateral agreements. With COOs validating the national origin of goods, UAE products are better positioned to benefit from preferential trade terms, giving them a more competitive edge in international markets.
According to him, the Chamber views Certificates of Origin as more than just administrative tools; they are gateways to new economic opportunities.
He pointed to the Chamber's ongoing efforts to enhance its digital infrastructure and to advocate for the private sector as part of a broader strategy to make Abu Dhabi's economy more resilient and globally connected.
Al Dhaheri underlined that the current indicators affirm not just the strength of the Chamber's services, but also the private sector's rising contribution to national economic goals. The increase in export activity, particularly among SMEs, is seen as a tangible outcome of the emirate's diversification agenda and its efforts to reduce dependency on oil revenues.
Institutional role of the Abu Dhabi Chamber
Founded in 1969 by an Emiri decree issued by the late Sheikh Zayed bin Sultan Al Nahyan, the Abu Dhabi Chamber of Commerce and Industry was established to promote and protect the interests of businesses operating in the emirate. Over the decades, it has evolved into a central platform for dialogue between the private sector and the government, supporting enterprise development across sectors.
The Chamber hosts frequent trade delegations, policy discussions, and cross-border business forums.
These activities help reinforce Abu Dhabi's global standing and attract foreign direct investment. Recognised by the leadership and business community alike, the Chamber's programs serve as key enablers of the emirate's economic ambitions.
In line with this mission, the Chamber continues to invest in improving its digital infrastructure and expanding its export-related services. It views the recent growth in COOs not just as a positive trade indicator, but as a sign of resilience, adaptability, and growing maturity within Abu Dhabi's private sector.
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UAE: What are Certificates of Origin and how Abu Dhabi's 10.3% rise proves a shift from oil dependence
UAE: What are Certificates of Origin and how Abu Dhabi's 10.3% rise proves a shift from oil dependence

Time of India

time3 days ago

  • Time of India

UAE: What are Certificates of Origin and how Abu Dhabi's 10.3% rise proves a shift from oil dependence

Certificates of Origin certify that goods are produced in a specific country, essential for customs, tariffs, and export compliance/ Image: File The Abu Dhabi Chamber of Commerce and Industry has reported a significant increase in the issuance of Certificates of Origin over the past year. This development highlights the emirate's growing industrial base, increased trade activity, and a steadily advancing economic diversification strategy aimed at reducing dependence on oil exports. Certificates of Origin: Their role and relevance A Certificate of Origin (COO) serves as an official document confirming that the goods in a shipment are wholly obtained, produced, manufactured, or processed in a specific country. These certificates are vital tools in international trade, helping businesses clear customs, determine applicable tariffs, and comply with import regulations in target markets. In Saudi Arabia and across the GCC, a valid COO is often mandatory for both exports and imports. Without it, companies risk facing shipment delays, regulatory penalties, or outright rejection of goods. In this context, chambers of commerce, such as the one in Abu Dhabi, play a central role, acting as accredited bodies authorised to issue these certificates. Growth in COO issuance reflects rising export momentum Between June 2024 and June 2025, the Abu Dhabi Chamber recorded a 10.3 percent increase in the number of COOs issued. This growth signals a wider and more active base of local exporters, as well as heightened economic activity across non-oil sectors. The Chamber attributes this uptick to Abu Dhabi's expanding industrial capacity and its growing reputation as a key regional player in trade and investment. Sectorally, the bulk of these COOs were issued to businesses involved in chemicals, metals, and engineering — all areas that point to a robust and diversified manufacturing ecosystem. Notably, small and medium-sized enterprises (SMEs) have shown increased participation in export activities, driven by support mechanisms provided by the Chamber. These include specialised training programs, business matchmaking efforts, and collaboration with regional and international trade entities. The broader export landscape also aligns with these trends. During the first half of 2025, Abu Dhabi's non-oil foreign trade surged by 34.7 percent. Within that, non-oil exports leapt by 64 percent, re-exports grew by 35 percent, and imports rose by 15 percent. These figures build on the previous year's performance, which also saw strong growth: non-oil trade rose by 9 percent, exports increased by 16 percent, and imports by 3 percent. Strategic implications for Abu Dhabi's economy The increasing number of Certificates of Origin being issued by the Abu Dhabi Chamber is seen by its leadership as a strong indicator of export sector vitality and a reflection of the emirate's deepening integration with global trade networks. Shamis Al Dhaheri, Second Vice Chairman and Managing Director of the Chamber, considers this sustained rise as clear proof of the competitiveness of Abu Dhabi-based companies and their growing capacity to enter and thrive in international markets. Al Dhaheri has attributed this momentum not only to market confidence in locally produced goods but also to the Chamber's continued investment in supporting export-ready businesses. He noted that Abu Dhabi companies, especially small and medium-sized enterprises, are increasingly leveraging the Chamber's services, including export training, market access programs, and strategic trade partnerships, to expand their global footprint. He also emphasized that the Chamber is focused on enabling exporters to benefit from customs advantages provided by bilateral and multilateral agreements. With COOs validating the national origin of goods, UAE products are better positioned to benefit from preferential trade terms, giving them a more competitive edge in international markets. According to him, the Chamber views Certificates of Origin as more than just administrative tools; they are gateways to new economic opportunities. He pointed to the Chamber's ongoing efforts to enhance its digital infrastructure and to advocate for the private sector as part of a broader strategy to make Abu Dhabi's economy more resilient and globally connected. Al Dhaheri underlined that the current indicators affirm not just the strength of the Chamber's services, but also the private sector's rising contribution to national economic goals. The increase in export activity, particularly among SMEs, is seen as a tangible outcome of the emirate's diversification agenda and its efforts to reduce dependency on oil revenues. Institutional role of the Abu Dhabi Chamber Founded in 1969 by an Emiri decree issued by the late Sheikh Zayed bin Sultan Al Nahyan, the Abu Dhabi Chamber of Commerce and Industry was established to promote and protect the interests of businesses operating in the emirate. Over the decades, it has evolved into a central platform for dialogue between the private sector and the government, supporting enterprise development across sectors. The Chamber hosts frequent trade delegations, policy discussions, and cross-border business forums. These activities help reinforce Abu Dhabi's global standing and attract foreign direct investment. Recognised by the leadership and business community alike, the Chamber's programs serve as key enablers of the emirate's economic ambitions. In line with this mission, the Chamber continues to invest in improving its digital infrastructure and expanding its export-related services. It views the recent growth in COOs not just as a positive trade indicator, but as a sign of resilience, adaptability, and growing maturity within Abu Dhabi's private sector.

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