AD Ports Group & ITC sign strategic MoU for cooperation to enhance trade facilitation initiatives globally
AD Ports Group, one of the world’s leading facilitators of global trade, logistics and industry, and the International Trade Centre (ITC), the joint agency of the United Nations and the World Trade Organization (WTO), have signed a Memorandum of Understanding (MoU) to cooperate on trade facilitation, digital trade, logistics and transport through policy dialogue, digital trade solutions, capacity building, experience sharing and technical assistance.
Under the MoU, the two entities will use various solutions to simplify trade, improving the efficiency of the transport, maritime, ports and logistics sectors in the United Arab Emirates, countries of the Gulf Cooperation Council (GCC) and developing countries. Both parties will review frameworks and policies across these sectors to evaluate their effectiveness and develop and upgrade border services in line with international best practices. AD Ports Group and ITC will provide technical assistance for developing and least developed countries (LDCs), including on the implementation of the WTO Trade Facilitation Agreement (TFA) for faster and smoother cross-border trade.
The cooperation will also see AD Ports Group and ITC make trade more inclusive and conducive to small and medium-sized enterprises (SMEs), while fostering dialogue and consensus-building. Both sides will provide advisory support to design SMEs-led trade strategies and business solutions and promote women traders’ role in trade facilitation with empowerment programmes and initiatives.
The parties will then promote joint services and solutions and jointly participate in events, conferences and workshops in Customs digitalisation, trade facilitation, ports, maritime and logistics. Furthermore, they will share experiences, networks, capacity building and training on key areas of trade facilitation and Customs excellence.
ITC was established in 1964 in Geneva, Switzerland, with the mandate to promote international trade and the export of goods and services of developing countries.
ITC provides countries and clients tailored support through unique advisory services, capacity building, training and mentoring, free tools and business data, and trade-specific publications. It also supports governments and the private sector to improve the efficiency of their transport and logistics sectors through such activities as regulatory impact assessment capacity building programmes and trade digitisation, as per a release.
Source : Our Correspondent