UAE Introduces Trade, Customs Measures to Help Trade Sector During COVID-19 Pandemic
The United Arab Emirates introduced several measures to ease the COVID-19 pandemic's impact on trade and investment, according to an April 7 report from the Hong Kong Trade Development Council. The measures include a refund of 1% of the customary…
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5% customs duty charged to imported goods for sale in the UAE; this applies to imports between March 15 and June 30, 2020. The UAE also introduced an exemption from the regular (starting March 24) the requirement to pay a $13,600 cash deposit on customs brokering activities, the report said, and fees imposed for submitting customs documents will be reduced by 90%. A hold has been put on customs audits, and social distancing measures have been introduced in free-trade zone application processing.