Indonesia signs framework pact with World Logistics Passport

Indonesia has signed a formal framework agreement with the World Logistics Passport (WLP), a major initiative to increase trading opportunities between emerging markets. Having become the first South-East Asian nation to join the programme following the registration of the Indonesia National Shippers’ Council, the latest agreement marks a major step forward in Indonesia’s implementation of the WLP with the support of government authorities.

The framework agreement was signed by Sultan Ahmad Bin Sulayem, Chairman of Dubai’s Ports, Customs and Free Zone Corporation (PCFC), and Toto Dirgantoro, Chairman of Indonesia National Shippers’ Council, in the presence of senior government officials in the Indonesian government.

The Council previously registered with the WLP as a benefits provider, an important role within the programme as part of which the organisation will offer discounted market advisory services to WLP members.

The agreement was signed as part of a wider collaboration between the UAE and Indonesia to strengthen bilateral relations, and create opportunities for private and public entities to actively improve existing trading routes and develop new ones, increasing the overall size of annual trade in the two countries.

Removing barriers

“We continue to work to realise UAE’s and Dubai’s vision for a more integrated global economy by delivering on the WLP’s objective of removing barriers to South-South trade, building on the city’s growing status as an international centre for trade,” said Sultan Ahmad.

The WLP contributes to the Indonesian government’s realisation of its economic plans, which include building transportation nodes and networks across the archipelago, as Indonesia seeks to become one of the world’s top five economies by 2045.