THE World Logistics Passport (WLP) said India, Indonesia and South Africa have joined the club of trading nations sharing expertise to smooth trade flows around the world between emerging markets.
The WLP works with freight forwarders, traders and governments to improve existing trading routes and develop new ones. It overcomes non-tariff trade barriers in the global supply chain by fast-tracking cargo movement, reducing administrative costs, advancing cargo information and facilitating movement between ports and air.
"Today's announcement shows that governments and businesses are thinking differently about how goods and services move round the world, and we are delighted to welcome India, Indonesia and South Africa to the club," Mr Mike Bhaskaran, CEO of WLP.
India, the largest economy to join WLP will see participation from the Mumbai International Airport (Chhatrapati Shivaji Maharaj International Airport), Nhava Sheva International Container Terminal (Mumbai), and Emirates SkyCargo in India and Nepal.
"As a trade enhancing policy initiative, the WLP is closely aligned with the Strategy for India@75 in its aims to boost national competitiveness, increase the efficiency of India's logistics sector and build tighter economic integration with emerging economies in South and South East Asia," said an official statement.
In South Africa, the Johannesburg Chamber of Commerce signed a framework agreement with the WLP ad bilateral negotiations with the government continue.
Indonesia is the first South-East Asian nation to join with the National Shippers' Council as a partner.
The three nations join the likes of Brazil, Colombia, Senegal, Kazakhstan, South Africa, United Arab Emirates and Uruguay have registered as partners of the WLP. |