OFFICIALS FROM ACROSS ASIA PACIFIC REGION TO ADOPT MULTILATERAL DECLARATION TO ACCELERATE GLOBAL TRADE
The Summit hosted a mix of CEOs, government ministers and representatives of leading international trade bodies, agreed to a joint declaration on the future direction of global trade.
- The Summit hosted a mix of CEOs, government ministers and representatives of leading international trade bodies, agreed to a joint declaration on the future direction of global trade.
- Tatiana Clouthier, Secretary of Economy of Mexico, the declaration states that sustainable and inclusive global trade is fundamental to economic growth, resilience and multi-lateral cooperation, while also setting the ambition of the WLP to cover 75% of global nominal GDP by 2025.
- The World Logistics Passport (WLP) is a global, private sector-led, initiative designed to smooth the flow of global trade, unlock market access through the creation of new trade routes and provides economic efficiencies to members.
- Free to join, the WLP is inclusive, covering the entire trade ecosystem from freight and logistics to trade finance.