10th country joins WLP
The World Logistics Passport (WLP), a policy initiative launched by the state of Dubai in 2019 to increase trading opportunities between emerging markets, has welcomed Israel as a participant in the programme.
As the tenth country to enter the WLP, whose trade strategy and expertise aims to bolster the resilience of economies around the world, Israel joins recent member countries like India, South Africa, Indonesia and Kazakhstan.
The signing ceremony was attended by Sultan Ahmed Bin Sulayem, chairman of Dubai's Ports, Customs and Free Zone Corporation (PCFC), and Amir Shani, vice president of the Federation of Israeli Chambers of Commerce.
Trade between Dubai and Israel reached a value of AED 1 billion (USD 272 million) between September 2020 and January 2021. This included 6,217 t of sea freight and air freight moving between the two nations.
Since its inception in 2019, the WLP has generated more than AED 3 billion (USD 810 million) in total trade. (sh)
www.worldlogisticspassport.com