Bahrain becomes second Gulf country to join global trade boosting World Logistics Passport

Published 18 Nov,2021 via bizbahrain - The World Logistics Passport (WLP) has signed a Memorandum of Understanding (MoU) with the Bahraini Ministry of Transportation and Telecommunications, bringing another GCC member state into the Dubai-administered global freight loyalty program as a Gateway participant, thereby enhancing the Kingdom of Bahrain’s access to global markets and offering businesses direct benefits.

The WLP is a global, private sector-led, initiative designed to smooth the flow of world trade. It operates as an incentive-based loyalty program that rewards traders and freight forwarders for high levels of trade by unlocking market access to new and existing trading routes.

The signing of the MoU represents a significant deepening of trade ties between Bahrain and the UAE and demonstrates a strategic commitment from the two signatories to implement the WLP. The Bahraini Ministry of Transportation and Telecommunications will act as a coordinating Partner, bringing traders and freight forwarders onboard the WLP program.