Sunday, September 28, 2025
28.1 C
New Delhi

UAE: What are Certificates of Origin and how Abu Dhabi’s 10.3% rise proves a shift from oil dependence

UAE: What are Certificates of Origin and how Abu Dhabi’s 10.3% rise proves a shift from oil dependence

Certificates of Origin certify that goods are produced in a specific country, essential for customs, tariffs, and export compliance/ Image: File

The Abu Dhabi Chamber of Commerce and Industry has reported a significant increase in the issuance of Certificates of Origin over the past year. This development highlights the emirate’s growing industrial base, increased trade activity, and a steadily advancing economic diversification strategy aimed at reducing dependence on oil exports.

Certificates of Origin: Their role and relevance

A Certificate of Origin (COO) serves as an official document confirming that the goods in a shipment are wholly obtained, produced, manufactured, or processed in a specific country. These certificates are vital tools in international trade, helping businesses clear customs, determine applicable tariffs, and comply with import regulations in target markets. In Saudi Arabia and across the GCC, a valid COO is often mandatory for both exports and imports. Without it, companies risk facing shipment delays, regulatory penalties, or outright rejection of goods. In this context, chambers of commerce, such as the one in Abu Dhabi, play a central role, acting as accredited bodies authorised to issue these certificates.

Growth in COO issuance reflects rising export momentum

Between June 2024 and June 2025, the Abu Dhabi Chamber recorded a 10.3 percent increase in the number of COOs issued. This growth signals a wider and more active base of local exporters, as well as heightened economic activity across non-oil sectors. The Chamber attributes this uptick to Abu Dhabi’s expanding industrial capacity and its growing reputation as a key regional player in trade and investment. Sectorally, the bulk of these COOs were issued to businesses involved in chemicals, metals, and engineering — all areas that point to a robust and diversified manufacturing ecosystem. Notably, small and medium-sized enterprises (SMEs) have shown increased participation in export activities, driven by support mechanisms provided by the Chamber. These include specialised training programs, business matchmaking efforts, and collaboration with regional and international trade entities. The broader export landscape also aligns with these trends. During the first half of 2025, Abu Dhabi’s non-oil foreign trade surged by 34.7 percent. Within that, non-oil exports leapt by 64 percent, re-exports grew by 35 percent, and imports rose by 15 percent. These figures build on the previous year’s performance, which also saw strong growth: non-oil trade rose by 9 percent, exports increased by 16 percent, and imports by 3 percent.

Strategic implications for Abu Dhabi’s economy

The increasing number of Certificates of Origin being issued by the Abu Dhabi Chamber is seen by its leadership as a strong indicator of export sector vitality and a reflection of the emirate’s deepening integration with global trade networks. Shamis Al Dhaheri, Second Vice Chairman and Managing Director of the Chamber, considers this sustained rise as clear proof of the competitiveness of Abu Dhabi-based companies and their growing capacity to enter and thrive in international markets. Al Dhaheri has attributed this momentum not only to market confidence in locally produced goods but also to the Chamber’s continued investment in supporting export-ready businesses. He noted that Abu Dhabi companies, especially small and medium-sized enterprises, are increasingly leveraging the Chamber’s services, including export training, market access programs, and strategic trade partnerships, to expand their global footprint. He also emphasized that the Chamber is focused on enabling exporters to benefit from customs advantages provided by bilateral and multilateral agreements. With COOs validating the national origin of goods, UAE products are better positioned to benefit from preferential trade terms, giving them a more competitive edge in international markets. According to him, the Chamber views Certificates of Origin as more than just administrative tools; they are gateways to new economic opportunities. He pointed to the Chamber’s ongoing efforts to enhance its digital infrastructure and to advocate for the private sector as part of a broader strategy to make Abu Dhabi’s economy more resilient and globally connected. Al Dhaheri underlined that the current indicators affirm not just the strength of the Chamber’s services, but also the private sector’s rising contribution to national economic goals. The increase in export activity, particularly among SMEs, is seen as a tangible outcome of the emirate’s diversification agenda and its efforts to reduce dependency on oil revenues.

Institutional role of the Abu Dhabi Chamber

Founded in 1969 by an Emiri decree issued by the late Sheikh Zayed bin Sultan Al Nahyan, the Abu Dhabi Chamber of Commerce and Industry was established to promote and protect the interests of businesses operating in the emirate. Over the decades, it has evolved into a central platform for dialogue between the private sector and the government, supporting enterprise development across sectors. The Chamber hosts frequent trade delegations, policy discussions, and cross-border business forums. These activities help reinforce Abu Dhabi’s global standing and attract foreign direct investment. Recognised by the leadership and business community alike, the Chamber’s programs serve as key enablers of the emirate’s economic ambitions. In line with this mission, the Chamber continues to invest in improving its digital infrastructure and expanding its export-related services. It views the recent growth in COOs not just as a positive trade indicator, but as a sign of resilience, adaptability, and growing maturity within Abu Dhabi’s private sector. Go to Source

Hot this week

Kiara Advani flaunts ‘Mama’ necklace: Shares heartfelt moment

Kiara Advani recently shared glimpses of her motherhood journey. She posted a picture of her ‘MAMA’ necklace on Instagram, receiving fan appreciation. Read More

‘Devara 2’ CONFIRMED: Jr NTR to return

(Picture Courtesy: Facebook) On the first anniversary of the blockbuster ‘Devara’, the makers have officially confirmed the sequel, ‘Devara 2’. Read More

‘Snapback’ over nuclear programme: UN hits Iran with sanctions

File photo (Picture credit: AP) The United Nations has reimposed wide-ranging sanctions on Iran over its nuclear programme, further tightening the squeeze on the Islamic Republic as it grapples with soaring food prices, currency col Read More

It’s pro-EU vs pro-Russia in Moldova as the country heads for an intense parliamentary election

Moldovans vote on Sunday in parliamentary elections that could see the country neighbouring Ukraine swerve from its pro-European path towards Moscow, with the government and the EU accusing Russia of “deeply interfering”. Read More

India Has ‘Self-Respect’, Says Lavrov As Russia Plans Putin’s December Visit

Curated By : Last Updated:September 28, 2025, 08:09 IST Sergey Lavrov, while speaking to Indian news media outlets on the sidelines of the UNGA, said that New Delhi has self-respect when discussing tariffs and energy trade. Read More

Topics

Kiara Advani flaunts ‘Mama’ necklace: Shares heartfelt moment

Kiara Advani recently shared glimpses of her motherhood journey. She posted a picture of her ‘MAMA’ necklace on Instagram, receiving fan appreciation. Read More

‘Devara 2’ CONFIRMED: Jr NTR to return

(Picture Courtesy: Facebook) On the first anniversary of the blockbuster ‘Devara’, the makers have officially confirmed the sequel, ‘Devara 2’. Read More

‘Snapback’ over nuclear programme: UN hits Iran with sanctions

File photo (Picture credit: AP) The United Nations has reimposed wide-ranging sanctions on Iran over its nuclear programme, further tightening the squeeze on the Islamic Republic as it grapples with soaring food prices, currency col Read More

It’s pro-EU vs pro-Russia in Moldova as the country heads for an intense parliamentary election

Moldovans vote on Sunday in parliamentary elections that could see the country neighbouring Ukraine swerve from its pro-European path towards Moscow, with the government and the EU accusing Russia of “deeply interfering”. Read More

India Has ‘Self-Respect’, Says Lavrov As Russia Plans Putin’s December Visit

Curated By : Last Updated:September 28, 2025, 08:09 IST Sergey Lavrov, while speaking to Indian news media outlets on the sidelines of the UNGA, said that New Delhi has self-respect when discussing tariffs and energy trade. Read More

Moment Stampede Broke Out In Karur At Actor-Politician Vijay’s Rally | Video

Curated By : Last Updated:September 28, 2025, 08:06 IST At least 39 killed and over 59 injured in a stampede at Tamilaga Vettri Kazhagam rally led by Vijay in Karur, Tamil Nadu. Vijay paused his speech to help suffocated attendees. Read More

Delhi baba, on the run for 2 months, arrested in Agra over sexual harassment charges

On Sunday, police arrested Swami Chaitanyananda Saraswati, a self-styled godman accused of molesting at least 17 female students at a private institute in Delhi’s Vasant Kunj. Read More

‘Our great country at stake’: Trump accuses FBI of lying over agents’ role in Jan 6 riot

Donald Trump accuses FBI of lying over agents’ role in January 6 riot (Picture credit: AP) US President Donald Trump on Saturday launched a fresh attack on the FBI, claiming that hundreds of undercover agents were secretly present d Read More

Related Articles