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Three major UAE entities have joined the World Logistics Passport, an initiative designed to boost trade between developing markets.
Etihad Credit Insurance (ECI), Dubai Multi Commodities Centre (DMCC) and Flydubai have joined the initiative that aims to increase resilience in global supply chains and remove trade barriers facing developing economies, according to a statement on Tuesday from DP World, which is already part of the initiative. We welcome ECI, DMCC and flydubai to the WLP team, mobilising infrastructure and expertise to make trade quicker, easier and more cost-effective, Sultan Ahmed bin Sulayem, group chairman and chief executive of DP World, said. South-south trade has substantial potential for generating more growth as developing countries in Africa, Asia and South America move to bolster their trade volumes with each other.
and Ghaith Al Ghaith
DUBAI, January 26, 2021 Three leading institutions in the UAE have joined the World Logistics Passport (WLP), a major initiative established to increase trading opportunities between developing markets. The WLP is helping to reimagine how goods and services move around the world, increase resilience in global supply chains and remove the barriers that prevent developing economies from trading as freely as they might. The new entrants are Etihad Credit Insurance (ECI), Dubai Multi Commodities Centre (DMCC) and flydubai. Unlocking these benefits allows nations and regions to gain access to new markets, diversify trade in existing products towards new markets, and increase market shares in key export products in developing economies. The WLP aims to tap into over 20 markets, representing 54% of Global GDP. By 2023, the WLP is projected to have about 2% impact on global trade, a statement said.
Kazakhstan joins World Logistics Passport as hub for Central Asia
DUBAI/ALMATY, Kazakhstan, 21st December, 2020 (WAM) Kazakhstan is boosting its position as a trade hub for Europe and Asia by joining the World Logistics Passport (WLP), a major Dubai initiative established to increase trading opportunities between developing markets.
Bakhyt Sultanov, Kazakhstani Minister of Trade and Integration; 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.
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
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