FIATA Highlights Vital Role of Logistics for Sustainable Development
The International Federation of Freight Forwarders Associations (FIATA) emphasized the “essential role” that logistics connectivity plays in economic growth in a Sept. 20 statement to the United Nations’ (UN) Commission on Sustainable Development. “The role of logistics in facilitating trade is of such crucial importance that adopting appropriate policy to sustain logistics connectivity can assist many developing nations without detracting from those which are already more advanced,” said FIATA’s senior vice president Babar Badat. “It is a typical win-win opportunity that governments should embrace without hesitation. Badat added that it was “paramount” to include sustainable logistics connectivity as an objective of the UN Sustainable Development policy.
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The document develops the following points:
- Current research underscores the importance of logistics as a driver for economic growth.
- The significance of logistic connectivity and its impact on international trade especially in domestic economies which are restricted within the confines of their borders.
- Addressing UN Policy concerning Land Locked Countries and their difficulties in accessing international markets.
- The requirement for collective and globally accepted regulations in order to develop measures which can increase wealth through the facilitation of trade.
- Belief that consistent global policy on sustainable logistics connectivity can significantly transform emerging economies and their future trading patterns.