GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Ministers, officials & top-level executives from 20 countries welcome and join the initiative

Davos, 26 January 2020: A review of the World Logistics Passport initiative, which was recently launched by the UAE, took place on the sidelines of the 50th World Economic Forum in Davos, Switzerland. During the session, H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, confirmed that the World Logistics Passport Initiative, launched by the Dubai government during the World Economic Forum 2020, is a distinct example of the pioneering approach adopted by the UAE for the realization of its vision for development,  based on openness and cooperation with various countries of the world.

His Excellency added: 'The initiative demonstrates the UAE government's aspirations to drive economic development efforts globally along with its partners, and its commitment to establishing new ties to support trade at the international level by enhancing trade capabilities, especially in the logistical sector, and by facilitating the movement of goods, transportation, shipping and supply services through global trade corridors. The effective utilization of advanced infrastructure and technological advancements enables Dubai and the UAE to develop an effective network capable of supporting global trade and seamlessly linking commercial hubs.

He continued: 'The initiative is set to benefit many countries around the world and will redefine the development of the shipping industry by creating necessary technologies and capabilities; opening up new paths for trade linking the East with the West; and enhancing Dubai's and the UAE's position in supporting global trade and economy. This forms an important aspect of the development strategy adopted by the UAE, in line with the new directives announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It aims to position Dubai as the capital of the new economy in the region and to achieve the ambitious target of two trillion dollars revenue from Dubai's non-oil foreign trade by 2025.'

The UAE attended the dialogue session in the presence of H.H Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Chairman and CEO of the Emirates Group; with the participation of H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy; His Excellency Sultan bin Sulayem, Group Chairman and CEO of DP World and leader of the Dubai Logistics World initiative; and Nadya Kamali, CEO of Customs World.

Nadya Kamali elaborated on how this passport, which is a sustainable rewards program for global shipping, can help reinvent trade, through a program that contributes to facilitating the movement of trade, developing its capacity and increasing efficiencies among the parties concerned. It also enables expedited tracking of the freight movement; reduction of administrative costs; delivery of advanced shipping information including the time required for the movement and clearance of goods, through a membership that will be available in three categories, silver, gold, and platinum, which provide up to 72 hours of procedures of shipping, clearance and movement of goods.

Kamali explained: 'We have launched the World Logistic Passport in Dubai with an aim to offer its services at the global level in order to serve the shared business cooperation goals of all countries.” She further noted that the passport is not limited to providing a one-size solution for all, and offers a flexible platform and an innovative cooperation initiative that has been formulated through mutual agreements, to effectively meet the commercial aspirations of all parties.

The session, which saw the discussion on the World Logistics Passport initiative, was attended by ministers, government officials and leaders from major countries along the South-South trade corridor, on which the initiative is currently focused. These include Colombia and Brazil from Latin America; Ethiopia, Nigeria, Rwanda, South Africa, and Zimbabwe from the African continent; and India, Thailand, and Vietnam from Asia.

His Excellency Ahmed Shide, Minister of Finance of Ethiopia, said: “Although Ethiopia plays an important role in East African trade, we know that we can leverage our infrastructure more effectively to better coordinate freight within our region. The World Logistics Passport is a unique and innovative initiative from the Government of Dubai, which reimagines the way trade is being conducted and creates new and more efficient trade routes that connect Ethiopia with Dubai and other trade centres.”

Heads of states, ministers and CEOs who participated in the discussion commented on the need for a new deal for trade based on a more holistic view of the industry, leveraging both technology and new public policy frameworks. A majority of the participants welcomed the initiative and agreed to join immediately. Furthermore, participants highlighted trade uncertainty caused by protectionist barriers and the fragmentation of global supply chains as critical issues that need to be addressed. FadiFarra, Co-founder and Partner at the public policy and strategy advisory firm, underlined the need to re-think trade in view of protectionist policies, rising costs and the development of new trade hubs in developing regions that have led to a global trade industry with increased volatility and uncertainty.”

Among the key stakeholders from more than 20 countries that participated in the session were HE DemekeMekonnen Hassen, Deputy Prime Minister, Ethiopia; HE Joao Doria, Governor of the State of Sao Paulo, Brazil; Morten Engelstoft, CEO APM, A.P Moller-Maersk; Jeroen van der Veer, Chairman, Royal Philips; Henadi Al Saleh, Chairwoman, Agility Logistics; Kamal Nath, Chief Minister of Madhya Pradesh, India; HE Angela Maria Orozco, Minister of Transport, Colombia; ManpreetBadal, Minister of Finance and Planning of Punjab, India; Zainab S. Ahmed, Ministry of Finance, Budget and National Planning, Nigeria; Adnan Kazim, Chief Commercial Officer of Emirates Group; Jacques Vandermeiren, CEO, Antwerp Port Authority; HE Paula Ingabire, Minister of Information, Communications Technology and Innovation, Rwanda; and Yasushi Kinoshita, Managing Executive Officer, Development Bank of Japan.



Posted by : GoDubai Editorial Team
Viewed 2259 times
Posted on : Monday, January 27, 2020  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : UAE ranks first in the Arab world and 21st globally on Global Labour Resilience Index 2020
Next Story : MoHAP Showcases bundle of future, innovative and artificial intelligence-base healthcare services an...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin i...
Three Eggs get Yemeni National a Guinness World Records Title
Omega's Antimagnetic Tourbillon Is a Watchmaking Breakthrough
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track
The new BMW M5 and BMW M5 Competition
Toric Tourbillon Slate
GROHE Smart Control Review
Twitter tests Tweeting with Voice
Saxo Bank Launches Loyalty Program for MENA Region Clients
Hyundai Motor and Sony Pictures Entertainment Announce Unique and Pioneering Mul...
American Aesthetic Medical Center Has Something in Store for the Esthetical Figu...
WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Rental
NUDESTIX Launches - Nudies Blush, Bronze, and Glow Shade Extension
Volvo Cars Chengdu Car Plant Powered by 100 Per Cent Renewable Electricity
Range Rover Marks 50 Years of All-terrain Innovation and Luxury With Exclusive N...
Under-12 and Over-60 Can Now Take Part in Sports Activities: Dubai Sports Council
Dabur Ensures Safety with Hand Sanitizers and Personal Protection Kits as UAE Es...
Let's Brigthen Up! The Face Shop's Ultimate Summer Skincare Range From Belif is Here!
Handy Helper for Content Creators: The Compact A6100 Mirrorless Camera from Sony...
Pre-orders for Samsung's Galaxy S20+ 5G and Galaxy Buds+ BTS Edition now open in...
Experts Highlight need for Young Talent to Develop Skills for a Post-Covid-19 World
Dabur Launches Pure Organic Coconut Oil: Natural Protection for Hair, Skin, and ...
GEMS Wellington Academy – Al Khail Improves Rating to 'Very Good' in KHDA DSIB 2...
Etihad Airways to Recommence Flights to Athens
Dubai Sees Pronounced Uptick in Demand for Retail Units
Book Building of Amlak International's IPO of 30% of Shares
Sanctuary for the Senses: All-New Lincoln Corsair Arrives with Whisper-Quiet, Co...
Essence Spring/Summer 2020 Collection
Registration Opens for Training On the Camel Trek and Camel Marathon for Expats
Covid-19 Leads UAE Businesses to Adopt Upgraded Green Building Solutions
Dubai Sports Council Discuss Upcoming Sports Events With Federations and Organisers
Dubai Sports Council to Celebrate Dubai's COVID-19 Heroes Through Commemorative ...
Turkish Airlines Was the Busiest Operator in the Eurocontrol Area After Restarti...
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate'
INFINITI of Arabian Automobiles presents Dubai Islamic Bank customers Super Sale...
Crude Oil Headwinds on Virus and Technicals
Customers can Benefit from Increasing Gold Rate by just Paying 10% Advance at Ma...
Canadian University Dubai Receives Prestigious Certification in Education for Pu...
Report Reveals the Six Fintech Innovations That Will Boost the ‘Financial Health...
Serco Middle East Appoints New Managing Director for Dubai Metro and Dubai Tram
Big Bang Integral King Gold
Pan Emirates Unveils Exclusive New Collection
Digital Vision Technology Signals On-Track Success for Panasonic Jaguar Racing
Schneider Electric Extends Strategic Partnerships with AVEVA, Lenovo and Stratus...
Celebrate World Music Day with HONOR Magic Earbuds
The 11th Edition of the Arab Fashion Week to Launch Virtually Today, from June 2...
New Bentayga to Launch Beyond100
Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Securit...
Celebrate Summer Safely with the New, Shopping Normal at BurJuman
Registration open for Dubai Watersports Summer Week