Uzbekistan to become key logistics hub in CA
Uzbekistan to become key logistics hub in CA
Uzbekistan is soon to ink an agreement on joining the international trade promotion program "World Logistics Passport". This initiative was put forward by the Emirati company DP World, at the recent meeting organized by The Uzbek Ministry of Investment and Foreign Trade.
The sides touched upon the creation of a "dry port" in the city of Navoi, and building a large logistics hub and a free economic zone in the capital.
The meeting also analyzed the agenda on developing the network of logistics centers in the capital and regions of the country, in a bid to multiply the volume of freight traffic passing through the territory of Uzbekistan, facilitate the access of domestic manufacturers to foreign markets and strengthen Uzbekistan's position as a key logistics hub in Central Asia.
The Emirates side expressed its readiness to provide advanced software and technological solutions in e-commerce of the country.
World Logistics Passport is an international program to expand trade opportunities between emerging markets. The initiative aims to remove non-tariff barriers to international trade and improve the efficiency of the supply chain by optimizing freight costs and reducing the time it takes to move goods. Since its launch in 2019, the program has increased the volume of trading operations carried out by its participants by 10%.
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