Dubai Multi Commodities Centre (DMCC), flydubai, and Etihad Credit Insurance (ECI) have announced of joining the World Logistics Passport (WLP) with the focus on fostering trade between developing markets.
The WLP works toward reexamining the transfer of goods and services around the world, eradicate barriers from trading, and support resilience in global supply chains. Kazakhstan, Columbia, and Senegal have joined the initiative as well.
In a statement, Chief Executive Officer of ECI, Massimo Falcioni applauded the efforts of DP World in enabling trade operations between developing markets worldwide. The WLP team reflects the commitment to extend support to UAE-based businesses in obtaining maximum possible benefits from the trading operations, he added.
In a similar vein, CEOs of DMCC and flydubai expressed their delight in joining the WLP to boost trade and unlock opportunities.
The WLP aims of projecting about 2% impact on the world trade by 2023, and has plans of tapping into more than 20 markets that represent 54% of Global GDP.
WLP made its debut in the 2020 World Economic Forum in Davos, and connected DP World, Dubai Customs, Emirates, and Dnata. The partners and other members avail over 65 benefits in networking, increasing trade revenue, connection of customs departments, among others.