Dubai PR Network, Online Press Release from Dubai and Middle East
Shipping & Logistic(Shipping and Logistic)
Filter PR by
Kazakhstan Joins World Logistics Passport as Hub for Central Asia
Kazakhstan Joins World Logistics Passport as Hub for Central Asia
– Membership will enable Kazakhstan to increase exports to Latin America and Africa
– Kazakhstan is the third country to formally join the initiative, after Colombia and Senegal. Brazil, Uruguay and South Africa are also registered as partners
United Arab Emirates -  December 21, 2020:   The Republic of Kazakhstan is boosting its position as a trade hub for Europe and Asia by joining the World Logistics Passport (WLP), a major initiative established to increase trading opportunities between developing markets.
His Excellency Bakhyt Sultanov, Minister of Trade and Integration, Republic of Kazakhstan, and Sultan Ahmed Bin Sulayem, Chairman of Dubai's Ports, Customs and Free Zone Corporation, signed a Memorandum of Understanding. The WLP creates opportunities for business and governments to actively improve existing trading routes, and develop new ones, through the creation of the world’s first logistics loyalty programme for freight forwarders and traders. It has been created to overcome trade impediments, such as logistics inefficiency, that currently limit the growth of trade between developing markets.
As countries in Asia, Africa and Latin America are dependent on developed nations for their exports and trade and relatively little with each other, the WLP makes it easier for those regions to diversify trade in existing products and increase market shares in key products among other developing economies.
Under the leadership of President Kassym-Jomart Tokayev, Kazakhstan is the third country to formally join Dubai in sharing expertise to smooth trade flows around the world, after Colombia and Senegal. Brazil, Uruguay and South Africa are also registered as partners of the WLP. Joining the WLP creates an opportunity for Kazakhstan to diversify its exports and imports from Europe and China to growing markets in Latin America and Africa. 
Bakhyt Sultanov, Minister of Trade and Integration, Government of Kazakhstan, said: “Kazakhstan can become a link between the Belt and Road Initiative and the World Logistics Passport. This will open up new opportunities in the field of transport and logistics, revealing the entire transit potential of the country. Almaty will become the key logistics hub of Kazakhstan. The strategic location of the city allows to increase the share of Kazakhstan's trade between China and Europe. Almaty also provides access to markets in the region such as the Eurasian Economic Union, the Shanghai Cooperation Organisation and the Economic Cooperation Organisation, and can be a gateway between these markets and the World Logistics Passport partners. Almaty airport will become an air hub offering a wide range of world-class services.”
Membership of the World Logistics Passport will enable Kazakhstan to access lesser tapped markets. The country’s strategic location allows Almaty, its largest city, to increase its share of trade between China and Europe via Rail. 
Sultan Ahmed Bin Sulayem, Chairman of Dubai's Ports, Customs and Free Zone Corporation said: 'Trade is a vital part of economic development and with the addition of Kazakhstan to the World Logistics Passport, the nation is accelerating its future economic growth. The WLP – with Dubai’s expertise in logistics at its core – is helping to reimagine how goods and services move around the world, increase resilience in global supply chains and remove the barriers that prevent nations such as Kazakhstan from trading as prosperously as they might.”

Posted by : Editorial Team
Viewed 12432 times
PR Category : Shipping and Logistic
Posted on : Monday, December 21, 2020  9:46:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : Emirates Post kicks off 2021 Post Box Renewal Season
Next Story : Abu Dhabi Securities Exchange and the Tel Aviv Stock Exchang...
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Records to Bounce, Flip and Soar for Guinness World Records Day 2021 [8430-Views]
New Ninjamas Nighttime Bedwetting Underwear Helps Kids To Conquer The Night [6982-Views]
The Perfect Autumn Look by essence [4891-Views]
LG Honored With 24 Awards for Innovation Ahead of CES 2022 [4887-Views]
Foreo Festive Gifts for the Well-Groomed Gentleman [4793-Views]
Festive FOREO Gifts for Skincare Gurus this Holiday [4084-Views]
SolarWinds Expands International Leadership Team in EMEA Market [3530-Views]
Line-up for 2022 Emirates Airline Festival of Literature Dazzles With the Creators of Stor... [3460-Views]
Go Green this Black Friday Cathay Pacific Offers Complimentary Carbon Offset [3382-Views]
4 FOREO Products That Will Completely Transform Your Skincare Routine [3300-Views]
Rado Winter Season-Feel The Moment [3296-Views]
Air Tanzania Announces Order for Boeing Freighter and Passenger Jets [3284-Views]
ASTRONEF is a New mechanical Masterpiece Presented by Ateliers Louis Moinet [3038-Views]
Symbolism and Style Defines Tanishq's Exclusive Year of the Fiftieth Collection [3013-Views]
UD Trucks Launches the new Euro 5 Range in the Region and Upgrades its Existing Quester & ... [2890-Views]
The Kia Concept EV9 Kia's All-Electric SUV Concept takes Center Stage at AutoMobility LA [2854-Views]
QNET Reinforces its Commitment to Sustainability with Global Reforestation Initiative [2837-Views]
Liverpool FC Retail Partner Seventy-8 Arranges for UAE Fans to Meet Jose Enrique at Its Ne... [2833-Views]
Comlux Launches New Hangar Project at Mohammed bin Rashid Aerospace Hub [2808-Views]
du Showcases 5G Controlled Robot Over Private 5G SA Network Leveraging AWS and Athonet Tec... [2767-Views]
CS Events to help Disrupt the $1.13 Trillion Events Industry by Deploying Technology and B... [2731-Views]
Celebrate UAE National Day with FreshToHome's Special Bouquets [2726-Views]
Celebrate the UAE This Year of the 50th With Mister Baker [2644-Views]
Channelling Power of the Mind and Body is the Key to Success, say Mindvalley Experts at Sh... [2608-Views]
Pandora and World-Renowned Author, Nadia Owusu, Release a Collection of Festive Stories to... [2587-Views]
RSS Facebook Twitter LinkedDin on Instagram
Top Sections
Top Stories