Dubai Port World will facilitate foreign trade with Mexico
Dubai Port World (DP World), a port operator in the United Arab Emirates, will facilitate foreign trade with Mexico, the Ministry of Economy reported.
Overall, DP World is the most diverse operator in emerging countries with terminals in 31 nations on six continents.
Although APM Terminals, located in the Netherlands, leads in terms of number of countries with existing port terminals, unlike Dubai Port World, it does not have a presence in the Oceania region.
The Ministry of Economy reported on Monday that Mexico will be part of the World Logistics Passport program, an initiative to facilitate the flow of world trade.
This tool has the objective of diversifying access to markets by creating new trade routes and providing economic efficiency to its members.
Dubai Port World
Among the characteristics of this terminal are:
- It mobilized 69.4 million TEUs in 2019.
- Approximately 85% of the traffic comes from emerging markets.
- In general, around 40% of the traffic is port-to-port, significant transshipment.
- Approximately 21% of the volume comes from the port of Jebel Ali-Dubai, United Arab Emirates.
The Secretary of Economy, Tatiana Clouthier, signed on Monday a Memorandum of Understanding with Sultan Ahmed bin Sulayem, president of Dubai Port World, with the aim of incorporating Mexico into the World Logistics Passport program.
The Ministry of Economy through its participation in the World Logistics Passport seeks to reduce trade costs, market diversification and the inclusion of companies that do not yet participate in international trade, through more and better business opportunities by facilitating and reward companies that participate in the program by creating a win-win environment.
This initiative was launched by the United Arab Emirates at the Davos World Forum in 2020 and its objective is to promote south-south trade, linking ports of countries in the Middle East, Asia, Latin America and Africa, using Dubai, one of the most important hubs of the world, in exchange for saving costs and time. This seeks to promote optimal trade routes to boost trade between these regions.
