HE Consul General of Bangladesh reaffirmed the importance of business activity between his country and Dubai, especially with the continuous growth of export and import transactions carried out in the last three years. Trade exchange between Bangladesh and Dubai mounted to 416 million dirhams during the last nine months this year, which is a 2% increase compared to same period last year which scored 410 million dirhams.
Abu Zafar said that many Bangladeshis businessmen, residing in the UAE, are highly interested in expanding their business activities and transactions in the emirate, especially in the export and import field.
For his part, HE Ahmed Butti Ahmed expressed Dubai Customs’ interest in meeting with a group of Bangladeshis businessmen to discuss means of cooperation, as well as facilitations, services and privileges which Dubai Customs can provide to them.
HE added that Dubai Customs is always keen to meet the needs and aspirations of its clients saying that businessmen and investors contribute to a great deal in enhancing growing economic businesses in the emirate. At the same time, HE affirmed the importance of abiding by international standards and criteria implemented at the department.
HE Director General of Dubai Customs expressed pleasure in cooperation with Bangladesh and called for fostering the ties between customs departments in both sides, and for more exchange of information and experience that can contribute in developing customs work and serve the general interests of the two sides.
Dubai imports from Bangladesh mounted to 191 million dirhams with the end of the third quarter of this year; an increase of 10% compared to imports of the same period last year. Dubai exports to Bangladesh reached 110 million dirhams during the last nine months; an increase of 26% compared to same period last year where Dubai exported goods worth of 87 million dirhams. Re-export activities, during the last nine months, generated 115 million dirhams for the same period with a drop of 23% compared to last year that scored 149 million dirhams. That is mainly because many re-exported goods to Bangladesh have been replaced by local products.