Kazakhstan joins World Logistics Passport as hub for Central Asia
December 21, 2020
Kazakhstan Minister of Trade and Integration Bakhyt Sultanov and Sultan Ahmed Bin Sulayem, chairman of Dubai's Ports, Customs and Free Zone Corporation, signed a Memorandum of Understanding.
DUBAI/ ALMATY — The Republic of Kazakhstan is boosting its position as a trade hub for Europe and Asia by joining the World Logistics Passport (WLP), a major initiative established to increase trading opportunities between developing markets.
Kazakhstan Minister of Trade and Integration Bakhyt Sultanov and Sultan Ahmed Bin Sulayem, chairman of Dubai's Ports, Customs and Free Zone Corporation, signed a Memorandum of Understanding. The WLP creates opportunities for business and governments to actively improve existing trading routes, and develop new ones, through the creation of the world’s first logistics loyalty programme for freight forwarders and traders. It has been created to overcome trade impediments, such as logistics inefficiency, that currently limit the growth of trade between developing markets.