Driving trade forward with the World Logistics Passport : DP World

DUBAI : The coronavirus crisis reinforced the need for faster and freer trade to allow businesses to succeed and economies to flourish, especially in emerging markets. It also prompted some nations to raise trade barriers. Coronavirus aside, those working in the freight business are only too well aware of the frustrations of delays at customs, whatever the reason. Now more than ever, it is vital to cut out unnecessary delays and frictions in the global supply chain.

The World Logistics Passport (WLP) is cutting through such barriers and fostering global trade co-operation. The WLP overcomes non-tariff trade barriers by fast-tracking cargo movement, reducing administrative costs, advancing cargo information, and facilitating movement between ports and air. This allows businesses to take advantage of new commercial opportunities and improve their resilience.

Gaining in recognition

The benefits of the WLP are quickly becoming appreciated. It creates opportunities for business across Africa, Asia, Central and South America to improve existing trading routes, and develop new ones, through the world’s first logistics loyalty program for freight forwarders and traders.

Benefits of being a part of the WLP community include cost and time savings, and faster customs clearances. Unlocking these benefits allows nations and regions to gain access to new markets, diversify trade in existing products, and increase market share in key export products in developing economies. The WLP is unique in having the scale and capabilities to develop partnerships with key logistics entities while securing the support of customs authorities and top government ministers.

As a worldwide smart end-to-end supply chain and logistics firm, DP World is at the forefront of developing and expanding the WLP’s footprint. DP World helped to launch the WLP at the 2020 World Economic Forum in Davos, announcing that it would bring together DP World, Dubai Customs, Emirates SkyCargo and Dnata, the Dubai National Air Travel Agency to deliver the service.

Source : DP World