World Free Zones Organization (World FZO), a global not-for-profit organization, held its annual Board of Directors meeting and a “Multilateral Lateral Organizations Tour” at Geneva, Switzerland.
The meeting is part of its expansion and leadership growth strategies.
The meeting was attended by representatives from World Trade Organization (WTO), United Nations Conference on Trade and Development (UNCTAD), International Road Transport Union (IRU), International Organisation of Employers (IOE), and International Labor Organization (ILO).
Representatives from the World FZO were led by Dr. Mohammed Al Zarooni, Chairman and included José Contreras (Vice chairman, Dominican Republic), Emeka Ene (Secretary, Nigeria) and Martin Ibarra (Advisor to the board, Colombia).
During the meeting, the Board of Directors discussed areas for international integration and cooperation to enable global free zones enhance their economic strengths, highlight their important role in the global trade and supply chains, as well as overcoming challenges and creating opportunities for growth and prosperity in their commercial and labour markets.
Further, the taskforce will enable the World FZO to integrate the UN SDGs in all new and existing free zones and will extend its scope to companies managing fleet of vehicles moving across borders.
Dr. Mohammed Al Zarooni, Chairman of the World FZO, said: “Free zones across the globe play key roles in stimulating and reviving global trade and ensuring its sustainable investment flows.
This has a direct impact on national economies such as providing job opportunities where free zones globally provide more than 80 million jobs.
We believe that integration and cooperation with international organizations will double those opportunities, which will have a positive impact that benefits all parties.
