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UAE initials customs agreement with Kazakhstan |
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The UAE’s Federal Customs Authority, or FCA, initialed the final draft of a customs technical and administrative cooperation agreement with Kazakhstan in Astana earlier this month. The official signing of the final agreement is scheduled in few days upon ratification. Head of International Relations at FCA Saud Al-Akroubi said the agreement will strengthen economic and trade relations between the UAE and Kazakhstan as well as contribute to the growth of their economies, remove violations and "harmful" commercial practices and protect the trade, economic, financial, social and cultural interests of both countries. The agreement, he explained, provides for exchange of customs data between the two countries. The first round of negotiations on the agreement were held in Dubai last April and the draft was agreed on by both parties in the past few day, he added. The agreement will be effective upon ratification by the relevant national agencies and the leaderships of both countries, noted Al-Akroubi. |
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