Officials from across Asia Pacific region to adopt multilateral declaration to accelerate global trade

  • Date: 11-Jul-2022
  • Source: Zawya
  • Sector:Retail
  • Country:UAE
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Officials from across Asia Pacific region to adopt multilateral declaration to accelerate global trade

- WLP has grown to over 40 member countries, covering nearly half of global trade– and aims to grow to cover 75% of global GDP by 2025

- 2022 Global Freight Resilience Index shows that freight resilience has increased in Vietnam despite global supply chain pressures

DUBAI, UAE /PRNewswire/ -- The World Logistics Passport (WLP), announced at its second Annual WLP Global Summit it has almost doubled in size in its second year of operation – with its footprint now covering over 40 countries and nearly half (47%) of global trade – while WLP members including India, Vietnam and Kazakhstan, among others, are to adopt a new declaration to accelerate global trade.

The Summit hosted a mix of CEOs, government ministers and representatives of leading international trade bodies, agreed to a joint declaration on the future direction of global trade. Representatives included HH Sheikh Ahmed bin Saeed al Maktoum, Chairman and CEO of the Emirates Group, Tran Thanh Hai, Deputy Director General, Foreign Trade Agency of Viet Nam, Ministry of Industry and Trade of Viet Nam, and Kairat Torebayev, Vice-Minister of Trade and integration of the Republic of Kazakhstan.

Presented by H.E. Tatiana Clouthier, Secretary of Economy of Mexico, the declaration states that sustainable