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Officials hope to agree this year on how customs revenue will be distributed between GCC states in a deal regarded as an important step in boosting regional trade. Since it was set up in 2003, the GCC customs union has been credited with helping to treble trade to US$90 billion (Dh330.57bn) last year.
Following the successful opening of Al Maktoum International for cargo operations, Dubai World Central organised a unique project stakeholder meeting aimed at acknowledging the contributions of various government and non-government stakeholders, while identifying emerging opportunities for further synergy and collaboration.