The Republic of Kazakhstan is boosting its position as a trade hub for Europe and Asia by joining the World Logistics Passport, a major initiative established to increase trading opportunities between developing markets. As countries in Asia, Africa and Latin America are dependent on developed nations for their exports and trade and relatively little with each other, the WLP makes it easier for those regions to diversify trade in existing products and increase market shares in key products among other developing economies. Membership of the World Logistics Passport will enable Kazakhstan to access lesser tapped markets. The country's strategic location allows Almaty, its largest city, to increase its share of trade between China and Europe via Rail.
The WLP is a unique loyalty programme overcomes non-tariff trade barriers by fast-tracking cargo movement, reducing administrative costs, advancing cargo information and facilitating movement between ports and airports. Traders and freight forwarders get increased benefits the more they trade through member hubs. The benefits include cost and time savings, and faster customs clearances. Member countries are part of a club of trading nations sharing expertise to smooth trade flows around the world. Unlocking these benefits allows nations and regions to gain access to new markets, diversify trade in existing products and increase market shares in key export products in developing economies.
Senegal, Kazakhstan and Colombia were the first member countries to formally join Dubai in sharing expertise to smooth trade flows around the world. Brazil, South Africa and Uruguay are also registered as partners of the WLP.
The WLP is developed in partnership with key Dubai logistics entities such as DP World, Emirates SkyCargo and the Ports, Customs and Free Zone Corporation .