DP World has signed a Memorandum of Understanding (MoU) to support logistics and trade development at the Lin-Gang Special Area, a free trade zone in Shanghai.
DP World will work with the Lin-Gang Group and deploy the World Logistics Passport (WLP) programme – a private-led initiative designed to smooth the flow of global trade and unlock market access through the creation of new trade routes.
The WLP is expected to provide Chinese businesses with faster and more cost-efficient access to markets in Asia, Latin America, the Middle East and across Africa. At the same time, DP World will share its experience from Jafza, its flagship freezone in the UAE.
As part of the agreement, Lin-Gang will invite leading enterprises in the Yangtze River Delta to jointly promote the WLP to benefit from the innovative policies and offerings from this programme.
DP World said the inclusion of China in the WLP strengthens the programme’s position across Asia with hubs in India, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.
Chinese traders and freight forwarders who become Members of the WLP will have access to the different benefits offered by WLP Partners – including DP World, Thai Airways and Emirates SkyCargo.
“Extending the WLP into China by partnering with Lin-Gang special area is a huge development and a testament to the strength of the programme,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.
“Efficient supply chains make products and services more competitive and selling to more markets increases economic resilience. The WLP helps deliver this, whilst also strengthening bilateral relations between the People’s Republic of China and the United Arab Emirates.”
In the third quarter of this year, the company handled 20.1 million TEU, up 1.5 per cent year-on-year.