The trade association for UK freight forwarding and logistics companies notes that the ratifications by Chad, Jordan, Oman and Rwanda means the deal has reached the pre-determined threshold of 110 WTO members required for its immediate entry into force. Robert Keen, director general of BIFA says, “This agreement aims to simplify and clarify international import and export procedures, customs formalities and transit requirements. It should make trade-related administration easier and … [Read more...] about BIFA welcomes entry into force of the WTO Trade Facilitation Agreement
logistics
Indonesia announces “big bang” opening up including logistics, e-commerce sectors
Indonesia’s President Joko Widodo unveiled plans this week for a "big bang" loosening of restrictions on foreign investment covering nearly 50 sectors of the economy - including the logistics sector - in order to stimulate economic expansion to reach a 7.0 per cent year-on-year gross domestic product (GDP) growth rate by 2019. The changes to Indonesia's Negative Investment List (Dafter Negatif Investasi) - the document that stipulates to what extent foreign investors can own businesses in … [Read more...] about Indonesia announces “big bang” opening up including logistics, e-commerce sectors
SingPost, Alibaba expand e-commerce logistics coop
Singapore Post and Alibaba Group Holding have announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. The three initiatives signal the deepening of a business relationship that started last year and a commitment from both parties to increase e-commerce logistics collaboration in the future to build a leading e-commerce logistics platform to service the rapidly growing e-commerce businesses across Asia Pacific and beyond. Lim Ho … [Read more...] about SingPost, Alibaba expand e-commerce logistics coop
FIATA weighs in on logistics at IAEG-SDG meeting
New York was the focal point for the first meeting held by the Inter-Agency and Expert Group on the Sustainable Development Goal Indicators (IAEG-SDGs). Member States engaged in deep talks to find solutions for linking global indicators to a set of national indicators while maintaining the global nature of the SDGs. FIATA was there to weigh in on the concept of logistics connectivity. FIATA had previously discussed the significance of logistics connectivity in the indicator framework … [Read more...] about FIATA weighs in on logistics at IAEG-SDG meeting
FIATA weighs in on logistics at IAEG-SDG meeting
New York was the focal point for the first meeting held by the Inter-Agency and Expert Group on the Sustainable Development Goal Indicators (IAEG-SDGs). Member States engaged in deep talks to find solutions for linking global indicators to a set of national indicators while maintaining the global nature of the SDGs. FIATA was there to weigh in on the concept of logistics connectivity. FIATA had previously discussed the significance of logistics connectivity in the indicator framework … [Read more...] about FIATA weighs in on logistics at IAEG-SDG meeting
Indonesia’s logistics industry to grow at 15.2%
Frost & Sullivan is expecting the transportation & logistics market to grow with expected CAGR 15.2 per cent in 2015. Gopal R, global vice president, transportation & logistics practice at Frost & Sullivan said that the industry is set to record strong double digit growth over the forecast period due to the continuous growth of the Indonesian economy driven by resilient domestic demand. Gopal R is expecting strong private consumption growth, higher trade growth, lower … [Read more...] about Indonesia’s logistics industry to grow at 15.2%
