Beirut, Lebanon (PressExposure) May 07, 2013 -- Asian economic and trade experts convened at GCEL's Asia Headquarters to coordinate the deployment of GCEL's Digital Economy Platform that have the potential to accelerate the goals of the Asia-Pacific 16-nation Regional Comprehensive Economic Partnership (RCEP).
The RCEP covers China, Japan, South Korea, India, Australia and New Zealand as well as ASEAN's 10 member countries. It aims to tie together ASEAN's bilateral free trade agreements with each trading partner.
Mr. Xu Ningning, Executive Secretary General of the China-ASEAN Business Council and Secretary General of the Southeast Asia Institute of China stated, "The RCEP covers nearly half the world's population. GCEL's innovative digital trade platform will greatly accelerate the RCEP's objectives to expand free trade agreements and further trade integration in China, Asia and the world." Mr. Ningning has recently been appointed as an Advisory Board member of Asia Logistics Council, a founding member of GCEL.
Captain Samuel Salloum, GCEL's Co-Chairman said, "We have already commenced the deployment of the Digital Economy Platform through the Asia Benchmark Trade Lane between G20 countries India and Indonesia. The Digital Economy Platform is the required tool towards achieving optimum trade performance levels, thus reaching full trade potential. This represents the same spirit of innovation that has enabled a simple steel box, the container, to deliver tremendous levels of trade efficiency resulting in decades of global economic growth."
GCEL (Global Coalition for Efficient Logistics) is a Swiss based non-profit public-private partnership whose members and supporters include more than 150 countries and 21 IGOs/NGOs as well as the world's most prominent finance, insurance and technology firms. GCEL's HumaWealth Program provides the road map and the Digital Economy Platform that consists of e-logistics, e-commerce, e-finance and e-insurance deployed at no cost to the end user. The HumaWealth Program is projected to promote the reduction of global annual trade costs by USD 700 billion, increasing global trade by USD 1.2 trillion, creating 100 million jobs and providing a new USD 6 trillion market opportunity for the services industry by 2020.
Several pan regional organizations including the Organization of American States, African Union, League of Arab States, ASEAN-BAC and ADFIAP have partnered with GCEL through MOUs as well as joint economic publications presenting the road map to achieve the above targets. To date, 26 of the world's top technology firms have entered into strategic agreements with GCEL as a first step towards being selected under an equal opportunity process to deploy the Digital Economy Platform globally.
Chairman of the Asia Logistics Council, H.E. Tan Sri Abdul Rahman Mamat, formerly Secretary General of Malaysia's Ministry of International Trade and Industry, welcomed Mr. Ningning's expertise to GCEL. H.E. Mamat stated, "The G20 leaders have recognized the sizeable importance of trade; and that gains in efficiency, security and transparency which reduce costs and facilitate increased trade is a key step to the prosperity of people, nations, regions, and the world as a whole. We look forward to Mr. Ningning's expert advice as we deliver a tangible program to enhance the growth of Asian as well as global trade."
GCEL's HumaWealth Program is being deployed through 4 Benchmark Trade Lanes in Asia, Americas, Europe and Middle East and Africa (MEA). The MEA trade lane is presently being launched in cooperation with the governments of the Kingdom of Saudi Arabia and the United Arab Emirates along with the League of Arab States, African Union and the Islamic Conference for Trade Development. The MEA Trade lane will trigger greater economic growth within the Euro-Med region resulting in nearly 8 million new jobs for Europe and 32 million jobs in the South Med region.