Dubai Trade Worlds (DT World), a subsidiary of DP World, has released a new electronic trade portal that will optimize and streamline trade for businesses in the Dominican Republic.
DT World will provide the “Mawani” system, which connects logistics, management, and consultancy services on one platform to DR Trade — a newly formed joint venture company created by DP World Caucedo and the Haina International Terminal.
The agreement was marked at a signing ceremony in Caucedo which was attended by representatives of several government arms, including Dominican Republic’s Ministry of Finance, National Council of Competitiveness, National Free Zones Council and the Dominican Association of Exporters — along with senior DT World officials.
The system aims to unify all players within the country’s supply chain, including ports, shipping lines, and distributors to allow for a “streamlined flow of services” and paperless processes.
Read the technical paper focusing on connected supply chains in Singapore — “Integrating Smart Ports and Supply Chains: Through the Prism of Singapore”
DT World Chief Operating Officer, Mahmood Al Bastaki, said: “Our Logistics Community System ‘Mawani’ will prompt greater intra-regional trade by reducing operating costs and cargo handling times, resulting in an improvement in logistics performance and border compliance.
“It will support the country’s vision to become a regional trade hub and we look forward to working with the government to further develop services such as these that will support the growth of the economy.”
DR Trade General Manager, Francisco Domínguez, said: “DR Trade’s electronic platform will enable the intelligent and secure exchange of information between public and private agents to improve the competitive position of the Dominican Republic’s logistics community.
“We are excited to partner with DT World, a proven leader in trade facilitation, to assist us in our journey to transform and fuel trade in the country, leaving behind all physical documentation and turning the country into one dedicated to technology and paperless processes.”