A general view of the Business Bay area, after a curfew was imposed to prevent the spread of the coronavirus disease (COVID-19), in Dubai, United Arab Emirates, March 28, 2020. Photo: Reuters / Satish Kumar / File.
JNS.org – Israel on Wednesday became the 10th country to join the United Arab Emirates-led World Logistics Passport program, in a move that will allow Israeli firms to expand trade to countries in the southern hemisphere.
India, South Africa, Indonesia, Brazil and Columbia are all members of the WLP.
At a virtual ceremony to sign the agreement, Sultan Ahmed Bin Sulayem, the chairman of Dubai’s Ports, Customs and Free Zone Corporation, said, “We welcome the Federation of Israeli Chambers of Commerce (FICC) into the World Logistics Passport, as we further strengthen and elevate ties between our two nations. Through the WLP, we aspire to forge closer economic ties and harness our collective experience, to unlock new trade opportunities for Israel with the world, via
The World Logistics Passport (WLP), a major policy initiative established to increase trading opportunities between emerging markets, has welcomed Israel as a participant in the programme, marked by a virtual signing ceremony.
Trump Trade Deal Shows Results as Israel Links with UAE
It Seems Money Still Makes the World Go Round
UAE – ISRAEL – The detractors of ex-President Donald Trump might wish to re-evaluate at least part of his legacy in the light of the burgeoning trade between such as Dubai and the State of Israel.
Even Trump’s successor, Joe Biden, hailed the trade deal, known as the Abraham Accords, negotiated by his predecessor as ‘welcome, brave and a badly needed act of statesmanship’. The agreement between Tel Aviv and UAE is only the third such ever negotiated with its Arab neighbours, the others being Egypt (1979), and Jordan (1994) but the logic, in terms of trade, is impeccable.