World Logistics Passport expands to China for the first time

The World Logistics Passport (WLP) enters China for the first time by signing a letter of intent with the state-owned Fujian Port Group, which is joining the freight loyalty program as a partner.

The WLP has also agreed to join the Chinese Silk Road Maritime Alliance.

The WLP will give Chinese companies faster, cheaper access to markets in Asia, Latin America, the Middle East and across Africa, with traders and freight forwarders achieving an average annual trade increase of 5-10%.

While the WLP welcomes the Fujian Port Group as its first partner in China, it is also cooperating with the Silk Road Maritime Alliance (SRMA), an alliance of 99 ports and 27 countries.

SRMA was launched in December 2018 in Fujian Province and is part of China’s “Belt and Road” initiative with the aim of “building an efficient and stable service ecosystem with continuous growth through the integration of beneficial resources”.

The WLP offers advantages for the transport of high-quality, low-weight goods. Chinese industries that could benefit most from participating in the program include radios, computers, office machine parts, telephones, and semiconductor devices.

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China is already the world’s largest exporter in all of these product categories – a fact that can be reinforced by participating in the WLP in 2022.

The inclusion of China in the World Logistics Passport strengthens the position of the program across Asia with hubs in India, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Sultan Ahmed Bin Sulayem, Chairman of Dubai Ports, Customs and Freezone Corporation (PCFC), which owns and operates the WLP program worldwide, said, “Bringing the WLP into the world’s second largest economy is a tremendous development.

“Efficient supply chains make products and services more competitive, and selling in more markets increases economic resilience. The WLP helps to achieve this and at the same time strengthens bilateral relations between the People’s Republic of China and the United Arab Emirates. “

The World Logistics Passport (WLP) is a global, private sector-led initiative that aims to smooth the flow of global trade, gain market access by creating new trade routes, and provide members with economic efficiency.

Chinese merchants and freight forwarders who become WLP members will have access to the various benefits offered by WLP partners including DP World, Thai Airways and Emirates SkyCargo. The advantages include, for example, fast shipment tracking, a reduction in customs clearance times and the elimination of administrative costs.

Mr. Zhiping Chen, Secretary of the Party Committee and Chairman of the Fujian Port Group, said: The advantage of the WLP as the world’s first multimodal global freight loyalty program for companies in China is to reduce their supply chain costs and move goods and services more quickly and efficiently. This news will help our country to boost the economy and create new jobs. “

The MoU was signed in a virtual ceremony by Mr. Zhiping Chen, Secretary of the Party Committee and Chairman of the Fujian Port Group, and Sultan Ahmed Bin Sulayem, Chairman of PCFC.

The signing event took place on December 7th during the Fujian Business Roadshow in China and Expo 2020 in Dubai, UAE.

Read more: DP World celebrates 2,000 members of the Digital Freight Alliance

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