ABOUT US
The World Logistics Passport is an initiative dedicated to supporting and enhancing global trade for organisations across the world. Read more about who we are and what we do.
WHO WE ARE
HELPING TO REIMAGINE HOW GOODS AND SERVICES MOVE AROUND THE WORLD
The World Logistics Passport (WLP) creates opportunities for businesses and governments to actively improve existing trading routes and develop new ones through the world’s first logistics loyalty program for freight forwarders and traders.
WLP Team
The WLP team works to reimagine how goods and services move worldwide, increase resilience in global supply chains and remove the barriers that prevent economies from trading as freely as they might.
It was established to overcome trade impediments that limit trade growth and build logistical bridges between manufacturing hubs in Asia, Africa, and Central and South America. By addressing trade impediments, the initiative paves the way for economies to trade more freely, unlocking their full potential and fostering economic growth.
Our Core Belief
Trade is a valuable economic tool. It enables countries to meet their development potential and is the single best way of providing a public good for nations and their citizens.
Opening up and facilitating lower friction trade to newer markets provides these countries with an opportunity to unlock their economic potential.
The World In Which We Operate
COVID-19, and the associated disruption in logistics and supply chains - has caused people and businesses alike to become newly aware of vulnerabilities in the global supply chain.
Growing out of this newfound awareness, there is an opportunity to think differently about how goods and services move around the world and an imperative to improve the resilience of global trade.
Developments in 2020 sit within a broader trend of economic power shifting towards nations and regions experiencing huge growth and dynamism.
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. The WLP overcomes non-tariff trade barriers through the offering of financial and non-financial Benefits such as fast-tracking of cargo movement, reducing administrative costs, advancing cargo information and facilitating trade across borders. The WLP is inclusive, covering the entire trade ecosystem from freight and logistics to trade finance. It is free to join and open to all. Only the World Logistics Passport has the scale and capabilities to develop partnerships with key logistics entities while securing the support of Customs authorities and top government ministries.
HOW DOES THE WLP WORK
WE SMOOTH THE FLOW OF GLOBAL TRADE, UNLOCK MARKET ACCESS AND PROVIDE ECONOMIC EFFICIENCIES
The WLP loyalty program is based on a partnership between traders, freight forwarders and local entities to provide additional trade in exchange for direct Benefits. It is structured as a four-Tier Membership scheme: White, Silver, Gold and Platinum, with different levels of incentives. Every year, Tiers membership is re-evaluated based on trade performance, and WLP Members can be downgraded or upgraded by up to one Tier.
To unlock Tiers, traders and freight forwarders need to be growing beyond the market rate. To move to the Silver Tier Members must outperform market growth by 5%, to reach the Gold Tier trade growth must be 10% above the market rate and to enter the Platinum Tier, 20%. As they unlock new Tiers, WLP Members enjoy a wider range of Benefits leading to greater time and cost reductions.
Members start in the WLP within different Tiers as follows: Global top trading companies, identified by the WLP team, enjoy Platinum Tier benefits across all Hubs.
Selected top trading companies at the Hub level, identified by the local benefit providers and the WLP team, are registered immediately at the Silver Tier in the first year. Selected top trading companies at the Gateway level, identified by the freight forwarders associations and the WLP team, are registered immediately at the Silver Tier in the closest Hub in the first year.
Other companies join the WLP at the White Tier and can be upgraded by up to one Tier per year by reaching trade growth targets in consecutive years.
WLP GOVERNANCE
PROMOTING THE PRUDENT AND SOUND MANAGEMENT OF THE WLP
The World Logistics Passport governance structure is divided into three main levels of bodies for coordination:
Global Summit: Once a year, the WLP Global Summit chaired by H.H. Sheikh Ahmed bin Saeed Al Maktoum and Co-Chaired by the Chair people of Hub Boards will gather to discuss new directions and policy development opportunities for the program on a global level.
Global Steering Committee: Every three months, a Global Steering Committee chaired by H.H. Sheikh Ahmed bin Saeed Al Maktoum will meet to discuss direction for the global WLP program and quarterly development.
Hub Boards: The WLP Hub Boards, which are the local decision-making bodies in each Hub, will meet regularly to monitor progress, approve potential new benefits and agree on immediate actions.
At the local Hub level, the WLP governance is divided into three pillars. The WLP Key Partners are entities, typically customs, airport / port authorities and airlines, which register as benefit providers in the Hub. They sit jointly with the WLP representatives on the WLP Hub Board. Both the WLP Partner Registration Agreements and Member Registration Agreements clearly detail the conditions of partnership and membership to the program.