Monday , September 28 2020

Future of trade in next 50 years discussed


Dubai Customs organised a meeting to discuss future of trade and latest trends in the supply chain, following UAE leadership’s ‘2020: Towards the Next 50’ announcement.
Next year will witness the biggest national strategy to prepare for coming 50 years on the federal and local level as the country approaches its Golden Jubilee in 2021.
In the meeting, Director-General of Dubai Customs, Ahmed Mahboob Musabih, called on the executive directors and heads of customs departments to formulate a team from the higher management that will be in charge of putting a strategic plan for the next 50 years. This will include regular meetings to help draw a roadmap with more focus on advanced technologies to ensure more success for Dubai Customs worldwide.
Musabih said, “Thanks to the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai Customs is leading the customs field worldwide through an impressive smart service and product offering that gained high reputation and attention from the World Customs Organisation.”
Our work as one team enhances Dubai Customs vision of becoming the leading customs organisation in the world supporting legitimate trade.”
“Climate change, technologies of 4th Industrial Revolution, threats to the world systems, and migration challenges are expected to have their considerable impact on trade and the role played by customs in the coming few decades. Other factors including Artificial Intelligence (AI), and 3D printing can lead to decrease volume of international trade to 10 percent by 2030 in the advanced economies.”
Musabih said the future of trade necessitates automation of customs transactions including permits, certificates and licenses, and advancements in the infrastructure to keep abreast with the future developments and changes.

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