5 Feb 2020
UAE: Dubai Launches World Logistics Passport at Davos
Dubai has launched its World Logistics Passport (WLP) initiative, which offers a range of financial incentives to use the Emirates’ logistics services and expertise.
The WLP works by offering a sustainable rewards programme to passport holders. It uses a point-based loyalty scheme that provides shipping companies, traders and government entities with incentives to use Dubai’s advanced logistics facilities in exchange for savings in costs and time, and improved customs clearance. It also offers faster tracking of freight movement, lower administrative costs, and access to advanced shipping information, such as time required for the movement and clearance of goods.
There are three categories of membership: silver, gold and platinum, so it can provide flexibility in meeting its passport holders’ differing needs.
The WLP is specifically targeting South-South trade, which covers trade between developing countries across Asia, Africa and Latin America. South-South trade is already worth an estimated US$4.28 trillion annually, representing more than half of all developing countries’ exports in 2018, according to the World Trade Organisation.
WLP was formally launched at the World Economic Forum 2020 in Davos, Switzerland. WLP is the brainchild of Dubai’s Customs World, global terminal operator DP World, and global aviation firm Emirates Group. It was established to pool their collective expertise in overcoming non-tariff trade barriers that hinder trade growth between developing countries. The WLP enables partner-countries to take advantage of Dubai’s customs and trade governance expertise, DP World’s international logistics network of ports and economic parks spanning 50 countries, and Emirates’ global Dnata and SkyCargo network, to improve their trade and logistic capabilities. According to the Dubai government, a pilot project running since July 2019 using the WLP has already improved trade among the participants by 10%.
Nadya Kamali, the CEO of Customs World, said: “Our target is to offer maximum flexibility and efficiency for the business community by unifying the procedures of logistics service providers in Dubai. The unique initiative also further raises the growing role played by Dubai Customs in regional and international trade by sharing the expertise developed in Dubai to enable our partner countries to also become global hubs.”