UAE Business: WLP doubles in size to cover 40 countries, half of world trade – Gulf Digital News

UAE Business: WLP doubles in size to cover 40 countries, half of world trade – Gulf Digital News

The World Logistics Passport (WLP), a global, private sector-led initiative, 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.

WLP members including India, Vietnam and Kazakhstan, among others, are to adopt a new declaration to accelerate global trade, it was announced at the second Annual WLP Global Summit

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 Tatiana Clouthier, Secretary of Economy of Mexico, the declaration states that sustainable and inclusive global trade is fundamental to economic growth, resilience and multi-lateral cooperation, while also setting the ambition of the WLP to cover 75% of global nominal GDP by 2025.

The World Logistics Passport (WLP) is designed to smooth the flow of global trade, unlock market access through