Mohammed bin Rashid: “We will continue to work with our partners to stimulate economic and commercial growth in the region or the world
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirmed that the development process in the United Arab Emirates is based on several pillars, including the presentation of innovative initiatives, ideas and programs based on concerted efforts, building effective partnerships and working to discover strengths. Which would enable all parties to these partnerships to achieve the progress and prosperity they aspire to in all fields, with its effect on pushing the region and the world’s economy forward and for the benefit of peoples united by one goal, which is to advance the present and ensure a better future for future generations.
His Highness praised the success of one of those initiatives that emerged from the UAE to the world, and Dubai took the lead in its launch, the "global logistical passport" initiative, which within one year of its launch succeeded in laying the foundations of an international network aimed at encouraging trade flows and facilitating their cross-border exchanges. The initiative today is a group of important countries in this field, and a large number of logistics service providers and major international companies, thus establishing a global alliance aimed at developing international trade.
His Highness indicated that the logistical passport is a new front for the UAE’s approach and its continuous keenness to extend bridges of cooperation with various brotherly and friendly countries in order to promote the causes of well-being and consolidate the foundations of prosperity and prosperity, and expand the scope of opportunities, especially at a time when the global business community is looking for a new window to look into the promising future Desired and regain growth momentum.
The "Global Logistics Passport" is an initiative from Dubai to facilitate international trade exchange # Emirates_day pic.twitter.com/7Xtiop25aJ
- Emirates Today (@emaratalyoum) March 20, 2021
His Highness said, "We will continue to work with our partners to discover and activate more opportunities to stimulate economic and commercial growth, whether in the region or the world ... while harnessing all available capabilities and benefiting from the successful experiences of the UAE in the field of trade and its long experience and contributions in it." It had a clear impact in facilitating global trade flows ... We hope that this cooperation will produce a new global economic reality that brings good and paves the way for a future
full of opportunities. "
The World Logistic Passport Initiative (WLP), the first global loyalty program of its kind in the shipping sector, launched by Dubai globally under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum through the World Economic Forum last year with the aim of increasing business opportunities among emerging markets, included 11 countries so far, in an effort to maximize the opportunities of these markets and create a new network of trade that includes countries of qualitative importance as the main focal points for trade movement around the world.
Among the countries joining the initiative so far: India, Indonesia, Thailand, South Africa, Brazil, Colombia, and other countries of the South that were keen to join the initiative for its confidence in its positive impact and its ability to create a new economic reality that unites the countries of the South and enhances their commercial capabilities, including what the initiative offers. Among the many advantages that exceed the 100 advantages, whether financial or operational.
On the impact of the global logistical passport, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Civil Aviation Authority and Chief Executive of the Emirates Airline Group, and Head of the Global Steering Group for the Global Logistic Passport Program, said: “We are proud that Dubai is at the heart of this innovative initiative with all its potential. Important goals .. The
global logistical passport establishes Dubai's position as a global center for world trade, while confirming its role in linking countries and peoples sharing the same visions and great ambitions in order to take global trade to new levels that help accelerate the recovery of the global economy and discover new paths for growth.
The global logistical passport allows merchants and freight forwarders to enjoy a number of advantages in return for increased trade traffic in each of the centers affiliated with the program;
Whereas, by joining the program's fast-growing economies network, its member firms and institutions have the opportunity to diversify their businesses into new markets, such as Latin America, South Asia or Africa, as well as enhance regional connectivity.
Several major multinational companies have registered as members of the Global Logistics Passport Program, including Courier UPS, Pfizer, Sony, Johnson & Johnson and LG.
The Global Logistic Passport Program promises governments to improve competitiveness and economic resilience during this exceptional period, which is overshadowed by an unprecedented state of uncertainty and lack of clarity in the face of the repercussions of the Covid-19 pandemic, especially at the level of global trade.
By reducing costs and increasing the efficiency of the value chain in the logistics sector, the Global Logistics Passport Program helps companies maintain their role in global competition.
The program - in addition to its contribution to increasing the main numbers related to the movement of trade - will have other effects that extend across the wider economic system, namely creating excellent job opportunities and attracting more investments.
For his part, Sultan Al Mansouri, former Minister of Economy and a member of the board of directors at DP World, said: “The rapid growth and expansion of the global logistical passport initiative is indicators that reflect the extent of growth in demand in emerging markets for new commercial options and their aspiration for high-level logistical services. Significantly in strengthening our commercial ties with the countries of the South. "
For his part, Sultan Bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation in Dubai, the authority overseeing the Global Logistic Passport initiative, said: “The rapid development that the passport has witnessed since its launch is a testament to the confidence in the distinguished capabilities of Dubai in the field of trade and logistics. Key partners such as Dubai Ports World, Emirates Airlines Group and Dubai Ports World contribute to supporting this development. Through this ambitious initiative, work is being done to extend the utilization of these capabilities not
only to maximize the positive return on Dubai, but also to reach them to The rest of the member states and all those who wish from the countries concerned with commercial activity. "
Mike Baskaran, CEO of the Global Logistic Passport Initiative, said: “Since its inception, the global logistical passport has been widely welcomed by governments and business communities around the world, given the many advantages and benefits the passport offers to local economies, merchants and businesses ... and we are proud of this unique model that It is presented by the initiative for cooperation and partnership between the public and private sectors with the aim of creating a broad-based positive economic impact.
The achievements of the global logistical passport initiative will be presented to the participants in the Global Logistic Passport Digital Summit to be held next May, which will be called "Davos Shipping" and is expected to attract an elite of ministers, senior government officials, policy makers and business leaders to discuss the future of the shipping and services industry. Logistics through two sessions, which will be held remotely via visual communication technology.
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