The value of Dubai's non-oil foreign trade amounted to about 323 billion dirhams in the first quarter of the year 2020.

According to Al Bayan newspaper, Dubai achieved during this period 2% growth in exports compared to the same period in 2019, bringing the value of Dubai's exports in the first quarter of the year 2020 to 43 billion dirhams, while the value of imports was 189 billion dirhams, and the value of re-exports was 92 billion dirhams.

Dubai's foreign trade volume in goods amounted to 24 million tons distributed to 16 million tons of imports and 4.2 million tons of exports, and the share of re-exports was 3.6 million tons.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said: The strength of the performance of the foreign trade sector in the first quarter of this year shows the ability of Dubai To absorb the shocks that the world economy is currently facing as a result of the Corona pandemic and its negative repercussions on the commercial and economic movement in most countries of the world, as Dubai's foreign trade managed to provide the same strong performance thanks to the diversity of its markets and its ability to meet the emerging global needs in light of the spread of this epidemic.

> The directives of the rational leadership in developing the infrastructure and investing in the capabilities and technological systems of Dubai from an early age had a great impact on enhancing our ability to deal with crises and transforming the challenges resulting from it to Opportunities and achievements.

Therefore, we were able to respond quickly to the developments in the global economic environment, so that Dubai would strengthen its role on the international scene as a major economic and commercial center linking the most important markets on various continents supported by a customs system. An evolving electronic to facilitate the movement of trade.

His Highness explained, “We are keen to support the ability of all economic sectors in facing the repercussions of the global economic crisis of the Corona pandemic through the stimulus packages launched by the Dubai government under the guidance of His Highness the Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him, which included several initiatives to support the foreign trade sector.

His Highness added: We look forward to the future with great confidence and firm determination to overcome the challenges of the current stage, God willing, and take advantage of its new opportunities to move forward in implementing our strategic plans and achieving our ambitious goals to remain a country. The UAE is a pioneering global experience in success and achievement that leads the countries of the world to build a prosperous future.

motivational packages

The incentive packages launched by the Dubai government to support the foreign trade sector included the return of 20% of the 5% customs tariff paid for imported goods sold locally and the cancellation of the bank or cash guarantee To engage in customs clearance activity and grant discounts and exemptions from fees on a number of services provided to the foreign trade sector, to enable the sector to play its vital role in overcoming the repercussions of the current global economic crisis and progress with confidence and steadfastness to enhance the path of sustainable economic development in the state of ...