Dubai Customs Launches Cross-Border E-Commerce Platform
Dubai Customs has launched a Cross Border e-commerce platform to encourage e-commerce companies setup their businesses in the emirate.
The new blockchain-based project is the first of its kind in the region and it aims to help the emirate become a global hub for e-commerce.
The platform will facilitate e-commerce export transactions through couriers and e-commerce import, declaration consolidation and automated refunds, and reduce fees and charges. It will also onboard of logistics companies on the platform.
Sultan bin Sulayem, DP World Group Chairman and CEO, and Chairman of Ports, Customs and Free Zone Corporation, said in a statement: “The Cross Border e-commerce platform is one of many projects that Dubai Customs have embarked on to boost the trade of the UAE and Dubai following the directives and vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai of crossing the Dh2 trillion mark in Dubai external trade by 2025. I am confident this new platform will attract new direct investments into the country.
“The Cross Border e-commerce platform will eliminate declaration submission time and reduce cost of e-commerce transactions and identify and certify e-commerce companies in order to serve them better. It will also provide 100% visibility to all stakeholders on e-commerce transactions and regulate goods return by linking trader and customs system to accept returns. The new project will also help reduce clients’ time and effort.”
Speaking at the launch of the platform, Ahmed Mahboob Musabih, Director General of Dubai Customs, added: “We are proud to launch the Cross Border e-Commerce platform. It is one of a number of projects and plans that Dubai is working on to turn Dubai into a global hub and increase external non-oil trade following the leadership’s directives. It will also increase local e-commerce activity to Dh24billion by 2022 and reduce cost of e-commerce transactions by 20%, which includes storage and shipment. The new Cross-Border e-commerce blockchain platform will transform Dubai to a world class e-commerce hub that will benefit Dubai’s Economy and e-commerce ecosystems, and encourage e-commerce businesses to establish regional headquarters and setup distribution facilitates in Dubai in order to serve the region, and is expected to contribute Dh12billion to the emirate’s GDP by 2023.”