Dubai launches programme to promote trade with India

DUBAI: In a bid to promote bilateral trade realtions with India, Dubai’s Department of Economic Development has launched a programme that allows commercial disputes to be resolved quickly at minimal costs.

Dubai Exports, the economic development department’s promotion agency, launched the initiative ‘Buyer Protection Programme’, designed by the Commercial Compliance and Consumer Protection (CCCP), as a pilot project through its Overseas Trade Office in India.

The programme allows commercial disputes to be resolved quickly and at minimal costs. Traders in India can now approach the Dubai Exports representative office in their country to submit complaints following which CCCP will start working towards an amicable settlement, a statement released by the UAE’S official news agency Wam said.

The launch of the programme in India comes within a week of the joint statement made by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Prime Minister Narendra Modi to develop a medium and long term strategy for increasing bilateral trade by 60 per cent over the next five years.

There would be a focus on identifying potential sectors and the impeding tariff and non-tariff barriers, exploring opportunities in services sector and formulating a sectorspecific strategy to boost two way trade and investments, the statement said.

“The historic trade relations between the UAE and India are entering a new phase of dynamic and sustainable engagement with the leadership in both countries determined to work closer.”

“On optimising their respective strengths,” said Saad Al Awadi, CEO of Dubai Exp orts.