Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai launched yesterday, "the global logistic passport" at the World Economic Forum in the Swiss resort of Davos, as part of a special session attended by a group of economic leaders in Asia and America Latin America and Africa, in an affirmation of the progress achieved in the implementation of the "Dubai Silk Line" project, which topped the strategic goals contained in the "Fifty Document", issued by His Highness early last year.

His Highness said in his account on the social networking site «Twitter»: «We announced a year ago the launch of (Dubai Silk Line) within (the fifty document) .. Today the logistic passport was launched globally through the largest global economic gathering in Davos, confirming our progress in achieving our strategic project To ensure a promising future for our economy, with solutions that confirm Dubai's position as a link in support of global trade. ”

Private session

During a special session organized by Dubai, on the sidelines of the World Economic Forum meetings, which included global economic leaders from more than 20 countries, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Civil Aviation Authority and Supreme President of Emirates Airlines and the group, spoke about the project objectives Ambition, in light of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, and the impact that the Dubai Silk Line will have on redrawing the global trade map, especially with the growth of promising new commercial centers, you will be able to achieve great strides in this area, thanks to technological solutions and optimal employment Capacity and logistical measures.

Privileges and services

Commenting on the Dubai Silk Line and the global logistic passport aimed at promoting trade between the countries of the South, His Highness said: “Dubai will provide many advantages and services that will help in linking global markets, by maximizing the benefit of the strong capabilities of the effective infrastructure owned by Dubai, where investments contributed In Dubai airports, ports and free zones, we have made Dubai a strategic hub for logistic services, and a bridge connecting the east to the west, while the Dubai Silk Line strategy is based on responding to global trade changes, by providing advanced new logistical services using the latest Smart applications, ”His Highness added:“ The strategy of the Dubai Silk Line is based on the integrative nature of trade, and the need to push international cooperation towards higher levels to achieve common goals, and our goal is to maximize the benefit of the capabilities available to all parties to this cooperation, and to promote the exchange of experiences, ideas and visions with our commercial partners The current, as well as the new partners, and everyone who seeks to work with us to advance the path of global trade, by employing creative and innovative ideas through the Dubai Silk Line initiative. ”

World center

For his part, the Minister of Economy, Sultan bin Saeed Al Mansoori, said that “Dubai's strategy in developing its economic capabilities and commercial ties contributes to strengthening the position of the UAE as a leading global center for innovation-based development and adoption of technological solutions.” He pointed out that “big data technologies will have Significant impact in promoting global trade exchange, and speeding up logistical procedures and measures, to allow the introduction of more new trade methods. ”

He added: "We are confident that the benefit of emerging markets, from Dubai's successful experience in developing its commercial potential, will help those markets to achieve significant growth that will enable them to join the list of our trading partners."

Smart trade

In turn, the Chairman of the Board and Chief Executive Officer of the "Dubai Ports World" group, President of the Ports, Customs and Free Zone Corporation, Sultan Ahmed bin Sulayem, said that "(Dubai World Ports) has built a network of ports, economic areas and logistical operations in six continents, in order to activate trade Smart by providing owners and assemblers of goods with digital and integrated supply chains, "stressing that" the global logistical passport would make trade through Dubai faster, easier and more efficient, and would help to develop the economy of partner countries. "

He added, "Today, global trade faces grave challenges as a result of the economic obstacles and barriers that have led to the fragmentation of its movement around the world." He pointed out that "the innovative initiatives proposed by Dubai would change this situation and help decision makers to abandon the exaggeration in Competition is to adopt cooperation based on understanding and a shared desire to maximize the positive return of trade on the global economy, which is one of the most important engines of trade, and we in Dubai are working to achieve the maximum efficiency in employing logistical capabilities, in order to facilitate its movement and raise the level of trade flows around the world".

Expanding trade links and strengthening partnerships

Dubai is seeking, through the new silk line, and the global logistic passport, to expand the circle of its commercial ties with the world, and to strengthen its partnerships with various global trade centers, supported by ideas that help everyone to achieve the highest possible benefit from the potential available in the fastest growing economies of the world, including Pave the way for real globalization of trade over the next decade.

The "Global Logistics Passport" initiative brings together "global customs", "DP World", "Emirates Airlines" and "dnata", with the aim of linking markets through the Dubai portal to exchange experiences and develop business operations directly between the partner countries, where the pilot project contributed, Which came into effect in July 2019, in boosting the trade of participating entities by 10%.

The initiative motivates companies and merchants to use highly efficient logistics facilities in Dubai to save costs and time.

The Passport is designed to overcome non-tariff trade barriers

The initiative makes use of the expertise of Dubai institutions such as "DP World". From the source

The "Global Logistical Passport" initiative was designed to overcome non-tariff trade barriers, including, for example, the inefficiency of the logistics services that currently limit the growth of trade between developing markets. According to the World Trade Organization, the returns of trade between the countries of the South amount to $ 4.28 trillion annually, That is, more than half of the total exports of developing countries in 2018. However, many countries in Asia, Latin America and Africa have much smaller market shares than major export products in each other’s markets, compared to their shares in developed countries, indicating the possibility of steady additional growth Thereby promoting prosperity.

Designed as a loyalty program, the initiative aims to motivate companies and merchants to use the world's leading logistics facilities in Dubai, in exchange for saving costs and time and improving customs clearance operations. The advantages of this initiative will not only facilitate the transportation of goods in Dubai, but will also enhance direct trade routes between Latin America, Africa and Asia.

On the global level, the Global Logistics Passport initiative will allow partner countries to benefit from the experiences of Dubai institutions, such as the global logistics network of the "DP World" group, which includes ports and economic complexes across six continents, and the "dnata" network and "Sky Cargo" global affiliate of the group " Emirates Airlines, ”and Dubai’s rich experiences in managing customs and cross-border trade, and as a result these partner countries will be able to improve their operations.