Ink cooperation deal to enhance the trade facilitation initiatives globally
AD Ports Group and the International Trade Centre (ITC), the joint agency of the United Nations and the World Trade Organization (WTO), recently signed today 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.
The agreement was signed by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO–AD Ports Group, and Pamela Coke-Hamilton, Executive Director, ITC.
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.
SMEs
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.
“Our cooperation with ITC in the area of trade facilitation services and solutions will make transactions smoother, enabling us to integrate more small businesses into value chains and improve our overall efficiency,” remarked Al Shamisi.
“Through our new partnership with AD Ports Group, we look forward to leveraging their technology and advanced trade facilitation solutions to enhance the competitiveness of SMEs in international trade and create a more efficient, inclusive and sustainable trading environment in the region and beyond,” commented Coke-Hamilton.
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.
