Dubai Customs has launched its World Logistics Passport to boost trade efficiency and the role of the Silk Road.
According to Dubai Customs, the passport offers “unique operational and financial advantages” to businesses and shipping companies, by connecting them to government entities such as Dubai Customs and Dubai Trade and logistics service providers including DP World.
It will also help to facilitate commercial transactions among concerned bodies in Dubai and support an increased role for Dubai Customs in international trade.
The passport forms part of the Silk Road strategy, to become a key logistics base and transport link for global trade and to help expand global demand for Dubai’s products, services and integrated transportation systems.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, crown prince of Dubai said the passport is the first practical step of the strategy which will further boost the emirate’s position as a global economic and business hub.
Sheikh Hamdan emphasised the importance of the logistics sector as a key driver of economic diversification for Dubai.
“Through this strategy, we will offer many privileges and services that will help connect international markets by mobilising Dubai’s resources and infrastructure.
“The investments we made in Dubai’s ports, airports and free zones have made the city a global logistics hub and a bridge between the east and the west.
“The Dubai Silk Road strategy responds to the changes in international trade by offering new state-of-the-art logistics services using the latest smart applications,” said Sheikh Hamdan.
Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Civil Aviation Authority, added: “Dubai’s sophisticated logistics services will further enhance the value offered to investors and businesses by saving time and efforts and reducing their operational costs.
“This is a powerful tool that will eventually lead to increased revenues. We are keen to offer investors and businesses new advantages in conducting global trade.
“Our target is to offer maximum flexibility and efficiency for Dubai’s business community by unifying the procedures of logistics service providers. These efforts are aimed at improving quality of service and attracting a higher share of international trade at a time when Dubai is preparing to host Dubai Expo 2020.”
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