Dubai trade with Korea makes AED3.238b in Q1, 2021

Dubai trade with Korea makes AED3.238b in Q1, 2021

Dubai Customs enhances cooperation and coordination with the diplomatic missions in the country, in conjunction with Dubai’s preparations to host EXPO2020.

Recently, H.E. Director General of Dubai Customs Ahmed Mahboob Musabih has received in his office H.E, Moon Byung-iun, Consul General of the Republic of Korea in Dubai to discuss means of boosting cooperation between the two sides.

The role of Dubai Customs in ensuring the success of EXPO2020 and the advanced services and facilities that Dubai Customs delivers to clients were highlighted in the meeting. Korean meetings will continue with plans for a Korean team to visit Dubai Customs to learn about the best practices and initiatives the leading Government Department has taken and developed to serve EXPO2020 in the best possible way.

Commenting on the visit, Musabih said:

“Boosting cooperation with the Korean diplomatic missions is very important to us. These efforts will help in developing trade between Dubai and Korea. We received H.E. Moon Byung-iun, Consul General of the Republic of Korea and discussed with him means to augment volume and value of mutual trade. Dubai external trade with Korea made AED3.238b in Q1 this year. Imports had the lion’s share at AED2.551b, followed by AED549.782 million, and re-exports at AED137.473 million.”

In 2020, Dubai external trade with Korea amounted to AED13.56b. Imports yielded AED11.505b, exports generated AED1.599b and re-exports reached AED456.917m.

Musabih added:

“We work hard to deliver best services and facilities to all the participants in EXPO2020 to help in recovering global economy. We highlighted our initiatives in this regard to our Korean strategic partners. These include the exclusive Expo Smart Channel the EXPO Customs Office, which Dubai Customs dedicated to participants in this global grand event."

H.E. Moon Byung-iun expressed his happiness for the magnificent efforts Dubai Customs do to serve mutual trade activity, and said Korean diplomatic missions are eager to develop cooperation in support of EXPO2020, which gains more important in this period as it will contribute to the recovery of the global economy from the repercussions of Covid-19.

News Source: Dubai Media Office

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