He welcomed the expansion of the "global logistical passport" ... the Dubai initiative to facilitate international trade
Mohammed bin Rashid: Dubai is destined to connect the world
Ahmed bin Saeed: "The global logistical passport establishes Dubai as a global hub for trade."
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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 offering innovative initiatives, ideas and programs, and working to discover the strengths that would enable All parties to these partnerships achieve the progress and prosperity they aspire to in all fields, ”adding that His Highness“ (the global logistical passport) is an initiative by Dubai to facilitate international trade exchange and build a global logistical network by granting major economic advantages to members - India, Indonesia, Thailand and South Africa. Colombia, Brazil and others, in addition to the major international shipping companies, have joined the project ... Dubai is destined to connect the world.
His Highness’s statements came on the occasion of the announcement yesterday of the expansion of the (Global Logistic Passport) initiative to include 11 countries so far.
The development march
In detail, 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 offering innovative initiatives, ideas and programs based on concerted efforts and building effective partnerships, and work. On discovering the strengths that would enable all parties to these partnerships to achieve the progress and prosperity they aspire to in all fields, with the effect that this has on pushing the region and the world 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 achieved by one of those initiatives, which emerged from the UAE to the world, and Dubai took the lead in its launch, the“ Global Logistic 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 exchanges. Across borders, to include the initiative today 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.
Logistical passport
His Highness pointed out that “(the logistical passport) is a new front for the UAE’s approach and its constant eagerness to extend bridges of cooperation with various brotherly and friendly countries in order to raise the causes of well-being, consolidate the foundations for 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 at the desired promising future and regain the growth momentum. ”
His Highness said: “We continue to work with our partners to discover and activate more opportunities to stimulate economic and commercial growth, whether at the level of 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. They have had a clear effect on facilitating global trade flows.
Our hope is that this cooperation will produce a new global economic reality that carries good and paves the way for a future full of opportunities. ”
In addition, His Highness said in a tweet on Twitter yesterday: “The global logistical passport is an initiative by Dubai to facilitate international trade exchange and build a global logistical network by granting major economic advantages to members - India, Indonesia, Thailand, South Africa, Colombia, Brazil and others, in addition to major companies. International shipping, join the project .. Dubai is destined to connect the world ».
Loyalty program
The World Logistic Passport Initiative (WLP), the first global loyalty program of its kind in the shipping sector, was 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 commercial opportunities among emerging markets.
In annexing 11 countries so far, in an effort to maximize the opportunities of these markets and create a new network of trade, including 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, due to their confidence in its positive impact and their ability to create a new economic reality that brings together the countries of the South and enhances their commercial capabilities, With the many advantages that the initiative offers, more than 100 advantages, whether financial or operational.
The innovative initiative
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 support. Important goals, as 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, which have had to accelerate the recovery of the global economy and discover new paths for growth.
Several advantages
The global logistical passport allows merchants and freight forwarders to enjoy a number of advantages in exchange for increased trade traffic in each of the centers affiliated with the program, as by joining the fast-growing economies network of the program, companies and member institutions therein have the opportunity to diversify their business into new markets, such as Latin America. Or South Asia or Africa, as well as strengthening regional connectivity.
Several major multinational companies have registered as members of the global logistical passport program, including express mail 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.
Vice President of the State:
• “(Logistical Passport) has established an international network aimed at encouraging trade flows and facilitating their cross-border exchanges.”
• “We will continue to work with our partners to discover more opportunities to stimulate economic and commercial growth.”
Certificate of confidence
Head of the Dubai Ports, Customs and Free Zone Corporation, the authority overseeing the global logistical passport initiative, Sultan Bin Sulayem, said: “The rapid development of the passport is a testament of confidence in the distinguished capabilities that Dubai enjoys in trade and logistics, and major partners contribute to supporting this development. Such as Dubai Ports World and the Emirates Airlines Group, where work is being done through this ambitious initiative to extend the utilization of these capabilities, not only to maximize the positive return on Dubai, but also to reach the rest of the member states and all who wish from the countries concerned with commercial activity. ».
Rapid expansion
Sultan Al Mansouri, former Minister of Economy and a member of the board of directors at DP World, said: “The rapid expansion of the global logistical passport initiative is an indicator that reflects the extent of demand growth in emerging markets for new commercial options and their aspiration for high-level logistical services. Trade with the countries of the South ».
Business communities
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.
We are proud of this unique model that the initiative provides for cooperation and partnership between the public and private sectors, with the aim of creating a broad-based positive economic impact. ”
It is noteworthy that the achievements of the global logistical passport initiative will be presented to the participants in the "Digital Global Logistic Passport Summit", to be organized 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 logistics industry through two sessions that will be held remotely via video call technology.
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