USCIB’s Director for Customs and Trade Facilitation Megan Giblin was in Dubai last week attending ICC-UAE and Dubai Chamber of Commerce and Industry co-hosted Customs and Trade Facilitation Forum. The Forum discussed a wide range of topics including Trade Digitalization, the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) and the Gulf Cooperation Council value-added Tax Implementation Framework.

The UAE was the first country in the Arab world to ratify the WTO’s TFA, which entered into force earlier this year and promises to boost global trade flows by over $1 trillion this year and generate opportunities for easier, less costly cross-border trade.

According to Giblin, this meeting was a tremendous opportunity for the international business community to discuss the role the private sector can play to ensure effective implementation of the TFA and its potential for investment and regional supply chains.