The Emirates Authority for Standardization and Metrology (ESMA) and Dubai Chamber of Commerce and Industry have partnered to involve the private sector in reviewing legislation with the aim of ensuring ease of doing business.

Under the terms of the memorandum of understanding (MoU) business groups and business councils established under the umbrella of Dubai Chamber will evaluate policies issued by ESMA and provide feedback and suggestions for improving them. Working groups would be formed to enhance communication between private sector companies and ESMA and update existing legislation if needed.

ESMA director general Abdullah Al Maeeni and Hamad Buamim, president and CEO of Dubai Chamber signed the MoU at a recent ceremony in Dubai attended by several high-ranking officials from both entities.

Al Maeeni said the agreement supports ESMA’s strategy of ensuring the steady flow and quality of products that are imported and exported to and from the UAE, and described the private sector as a cornerstone of the country’s economic competitiveness.
“We are working to engage commercial and industrial institutions – members of Dubai Chamber – and benefit from their expertise to draft legislation that supports business activity and economic growth. By bringing businesses into the conversation, we can ensure that future policies protect the interests of the private sector, traders and consumers,” said Al Maeeni.

Buamim described the agreement as an important development that would strengthen public-private sector cooperation and help both entities make great strides in improving ease of doing business and removing trade barriers.

“Engaging the private sector in discussions on standards is one of the most effective ways to ensure that regulation remains conducive to business activity and economic growth. Dubai Chamber actively engages with various business groups and business councils in Dubai and these organisations play a crucial role in sharing expertise, practical recommendations and solutions that enhance economic competitiveness,” Buamim said. – TradeArabia News Service