DP World is an important partner of Uzbekistan in the field of logistics and digitalization of foreign trade

Tashkent, Uzbekistan :  The Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov met at the Ministry of Investment and Foreign Trade with the leadership of the Emirati company DP World, one of the world’s largest logistics operators represented by the Chief Operating Officer for digital technology and logistics of Mike Bhaskaran.

Within the framework of the implementation of the project to create a “dry port” in Navoi, the issues of construction of a large logistics hub and free economic zone in the Tashkent region, as well as the development of a network of logistics centers in Tashkent and regions of the country were discussed, which will make it possible to multiply the volume of freight traffic. passing through the territory of Uzbekistan, facilitate access for domestic producers to foreign markets and strengthen Uzbekistan’s position as a key logistics hub in Central Asia. An agreement was reached on an accelerated transition to the practical phase of the project.

Prospects for cooperation on the development of e-commerce in Uzbekistan and the creation of digital infrastructure for the integration of all participants in foreign economic activity into a single system were discussed. The Emirates side expressed its readiness to provide advanced software and technological solutions in this area and to assist in their implementation in Uzbekistan.

During the meeting, the issue of Uzbekistan’s joining the international trade promotion program “World Logistics Passport” (WLP), initiated by the government of the Emirate of Dubai (UAE), was considered. An agreement was reached to sign a corresponding agreement by the end of this month.

“World Logistics Passport” is an international program to expand trade opportunities between emerging markets. The initiative aims to remove non-tariff barriers to international trade and improve the efficiency of the supply chain by optimizing freight costs and reducing the time it takes to move goods. Since its launch in 2019, the program has increased the volume of trading operations carried out by its participants by 10%.

The company’s delegation has been in Uzbekistan since May 16 and held working meetings with the leadership of the Ministry of Transport, the State Customs Committee and the khokimiyat of the Tashkent region. During the negotiations, the sides discussed the integration of modern IT solutions to optimize customs procedures, in order to significantly reduce the time spent on customs clearance of export-import operations.

Source : UZ Daily