CAMELOT Management Consultants attended the 7th Global Trade Development Week (GTDW 7.0) in Dubai along with its valued customers and 800 other high level attendees.
Leading personalities, decision makers, and representatives of customs agencies from over 100 countries gathered together, including World Trade Organization (WTO), World Customs Organization (WCO), United Nations (UN), European Commission and high-level governmental officials. The conference was held under the patronage of the Ministry of Economy, in partnership with the Federal Customs Authority (FCA), to discuss trade-related topics (e.g. Customs) for the facilitation of global trade.
CAMELOT has been heavily involved in several trade-related projects on a national, regional and international level, and effective communication amongst all trade-related stakeholders is without doubt one of the most crucial elements of developing mutually beneficial trade partnerships. The majority of issues faced along the trade supply chain is related to miscommunication, as different stakeholders are unaware of the bottlenecks faced by the others at various levels. Every level of the supply chain poses unique challenges that need to be properly conveyed to everyone involved, in order to strengthen cooperation. However, from CAMELOT’s extensive experience, it can be established that communication and cooperation are not the solution to all challenges, and that there does exist a myriad of obstacles to trade facilitation that need to be addressed.
For more information about various trade-related challenges in the GCC, download this study.