His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Free Zone (DFZ) Council, today chaired the fourth council meeting which was held at the Emirates Tower.

The session outlined the progress on the Strategic Plan of the Dubai Free Zone Council, studied a potential coordination with the Federal Competitive and Statistics Authority, and approved the usage of the Dubai Statistics Center system.

The Council further discussed a collaboration with the Ministry of Finance around the Value Added Tax Act and the electronic connectivity between Free Zones and Dubai Government Departments.

During the meeting, the strategic committee reviewed the progress of the Strategic Plan of the Council, where the first phase has been completed. Phase one of the plan is concerned with collecting information, comparing standards with international counterparts, discussing the challenges that lay ahead for free zones, and the role of the Council in addressing those challenges. Phase two is set to be actioned soon, where it includes a number of workshops to propose appropriate projects and initiatives for the next five years.

The Federal Competitive and Statistics Authority presented an overview of its vision, mission and partnered initiatives in developing the performance of the UAE in the field of international competitiveness and data and statistics by identifying policies in the sector. More info

Source: mediaoffice.ae