Post Date : March 24, 2022
The Federation of Freight Forwarders’ Associations in India (FFFAI) and the Dubai-based National Association of Freight & Logistics (NAFL) has penned down a Memorandum of Understanding (MoU) intending to record and form the basis of understanding between the said associations to strengthen, promote and develop co-operation based on equality and mutual benefits.
Formally signed by Mr. Shankar Shinde, Chairman, FFFAI, and Ms. Nadia Abdul Aziz, President, NAFL, the MoU lists key areas of working jointly by FFFAI and NAFL, which are: a) Trade Support, b) Technology Exchange, c) Women Participation, d) Youth Promotion, e) Members Support Safety f) Skill Development and Training g) Business Opportunities and h) Any other areas of cooperation.
Further, this co-operation would extend to identify and recommend members to securely do business and safeguard/protect them by providing services and support on payment reliability.
“In view of the fact that there is a trend of increasing trade between India and UAE and Dubai being one of the strategic hubs of logistics operations, the MoU is very significant. Both FFFAI and NAFL are playing catalyzing roles in trade facilitation in their respective countries i.e. India and UAE. The MoU would further explore new areas for win-win benefits of the members of both the associations in terms of expansion of business and enhancement of skills,”Mr. Shankar Shinde, Chairman, FFFAI,
With the recent signing of the INDIA – UAE FTA, the trade between India and UAE is expected to touch USD 100 billion in the next 5 years with most Indian items are now duty-free to UAE.
It is pertinent to mention that FFFAI and NAFL are members of the International Federation of Freight-Forwarders Associations (FIATA), representing freight forwarders in some 150 countries. Based in Geneva, FIATA’s membership is composed of 111 Associations Members and more than 5,500 Individual Members, overall representing an industry of 40,000 freight forwarding and logistics firms worldwide.
The MoU was signed during the FFFAI delegation to World Expo 2020 in association with the Federation of Indian Export Organisations (FIEO) organized event- 3rd Logix 2022, started on March 21, 2022. in Dubai.