Tue 13-02-2018 18:43 PM

FNC Financial Affairs Committee continues discussions on draft law on certificates of origin

DUBAI, 13th February, 2018 (WAM) -- The Federal National Council’s, FNC, Financial, Economic and Industrial Affairs Committee headed by Majid Hamad Al Shamsi, today continued discussing the articles of the federal law on rules and certificates of origin.

The meeting was attended by Salem Abdullah Al Shamsi, the committee moderator, and members Dr. Saeed Abdullah Al Muttawa, Ahmed Yousef Al Nuaimi and Abdulaziz Abdullah Al Zaabi.

Majid Al Shamsi said that the law is aimed at organising the rules and procedures of issuing certificates of origin in the country and identifying the authorities in charge of issuing such certificates according to their type, and means to verify its validity and monitor the process.

He added that the committee reviewed the recommendations on the topic of the policy of the UAE Central Bank discussed by the FNC in its 8th session held on 16th January 2018.