Minister of Trade and Integration B. Sultanov spoke at the World Logistics Passport Global Summit
On June 8, 2021, the First Global Summit of World Logistics Passport was held in an online format.
The leaders of the discussions were the Ministers of Trade, Economy and Infrastructure of the countries participating in the WLP initiative, representatives of the World Trade Organization, international organizations, and the business community.
The representatives of the countries discussed the future of international cooperation and trade in the post-pandemic period, and how the WLP can contribute to the development of sustainable international trade.
Kazakhstan is one of the 15 registered Hubs of World Logistics Passport. From our country, the customs authority of Almaty, ICBC "Khorgos" and "Network Synergy" LLP have already joined the program as partners.
According to the Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov, Kazakhstan sees great potential for entering the markets of other countries by connecting to the WLP Hubs in other countries and increasing the connectivity of trade and transport systems.
The Minister said that our country considers the Central Asian region as promising areas, as well as the Indian market, where Kazakh traders and logistics companies can get access by registering in the Indian WLP Hub.
"The involvement of more participants in the WLP program will also increase the transit potential of Kazakhstan, including within the framework of the "One Belt and One Road" initiative, " Sultanov said.
The Minister also said that the Republic of Kazakhstan has created all the necessary infrastructure to ensure the smooth movement of export-import and transit trade flows. The ongoing work on its improvement will allow Kazakhstan to strengthen its status as a trade and logistics hub of the region.
"Even now, the land routes through Kazakhstan have shown their competitiveness. This year, the transit will exceed the strategic limit of one million containers, including 700 thousand TEU* in the direction of Asia-Europe, " the Minister of Trade of Kazakhstan said.
* TEU (twenty-foot equivalent) - a catch unit of measurement of the quantitative side of traffic flows, the capacity of container terminals or the capacity of cargo vehicles.
The first Global Summit of the WLP summed up the key results of the program and the progress made over the past 2 years. Participants formulated their plans for the future as part of the first global loyalty program in the logistics sector, which is currently active in more than 20 countries.
The Global World Logistics Passport Initiative (WLP) is a global initiative launched by Sheikh Mohammed (Dubai) in 2019 as part of the strategic vision for the development of international trade.
The WLP brings together key public and private entities that provide the logistics value chain with best practices.
At the same time, World Logistics Passport is a private sector initiative aimed at stimulating international trade through the first global loyalty program to simplify customs and trade operations, develop effective multimodal trade corridors. The initiative provides financial and non-financial benefits to traders and freight forwarders to increase trade through the program's strategic partners, such as ports, airports,airlines, and customs.