UAE free zone trade reaches Dh269.6 billion

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UAE free zone trade reaches Dh269.6 billion

UAE free zone trade reaches Dh269.6 billion

The total non-oil trade of the United Arab Emirates (including the direct non-oil trade and free zone trade) increased to Dh794.3 billion in the first half of 2014, the preliminary statistical data of the Federal Customs Authority, FCA, revealed.
According to the data, the total direct non-oil trade has reached Dh524.7 billion, while the total free zone trade amounted to Dh269.6 billion during the same period.
The FCA preliminary data also showed an increase in the total free zone trade in the UAE in terms of value by 7% to Dh269.6 billion in the first half of 2014, in comparison with Dh250.9 billion in the first half of 2013.
The FCA said in a press statement that the free zone trade in the UAE has witnessed increasing growth during recent years as a result of the flexible trade policy of the country and the various facilities provided by the country to attract major companies in the world to establish factories in the UAE free zones.
(Courtesy WAM)