Bahrain joins World Logistics Passport

Bahrain has joined the World Logistics Passport (WLP), a global, private sector-led, initiative designed to smooth the flow of world trade.

The kingdom is the second GCC country joining the Dubai-administered programme, which will strengthen Bahrain's access to global markets, while offering reduced costs and time saved to Bahraini traders, freight forwarders and their customers, the WLP said.

It operates as an incentive-based loyalty programme that rewards traders and freight forwarders for high levels of trade by unlocking market access to new and existing trading routes.

The announcement follows the signing of a memorandum of understanding (MoU) by Transportation and Telecommunications Minister Kamal Ahmed and Sultan Sulayem, chairman of Dubai Ports, Customs and Freezone Corporation (PCFC), which owns and runs the WLP programme globally.

The signing represents a significant deepening of trade ties between Bahrain and the UAE and demonstrates a strategic commitment from the two signatories to implement the WLP, the statement added.

 

Source: https://www.gdnonline.com/Details/1013871/Bahrain-joins-World-Logistics-Passport

 

Share this page Share on FacebookShare on TwitterShare on Linkedin
Close

Discover the 'Made in France à Bahrain' Guide

'Made in France à Bahrain' - Edition 2021
is YOUR guide to the economic presence in Bahrain. Click here to view the online guide