News Feed Item

Innovation No Longer Exclusive to One Country or One Region as China Embarks upon Empowering Digital Economy with GCEL

The Global Coalition for Efficient Logistics (GCEL) conducted strategy sessions on May 5-6 with China’s Top 500 Foreign Trade Enterprises Club, China Council for Promotion of International Trade (CCPIT), China Association of International Trade (CAIT), ASEAN-China Center (ACC) and China-ASEAN BAC (CABC).

The strategic discussions addressed China’s leadership in empowering the Digital Economy through HumaWealth Program. HumaWealth is a global program that promotes trade efficiency through a Digital Economy Platform that harnesses the power of 21st century technology. Senior representatives from the Organization of Islamic Cooperation (OIC) and China also discussed how HumaWealth can create the world’s largest Trade Efficiency Bloc representing 40% of the global population.

The Digital Economy provides the required tools to reduce annual trade-costs by USD 1.3 trillion (USD 148.6 billion for China), increase trade by USD 1.2 trillion, provide a USD 6 trillion services market opportunity and create a USD 1 trillion SME fund generating 100 million jobs.

As a first step towards implementing the Digital Economy, GCEL conducted Trade Efficiency Assessments in G20 countries Indonesia, India, and KSA as well as Malaysia along with their respective government and private-sector experts. The results yielded that about 80% of trade participants have no system and more that 88% want the proposed Digital Economy Platform. To date more than 1/3 of the G20 citizens want the proposed Digital Economy placed at their fingertips and at no cost to end user.

GCEL’s Delegation was led by Captain Samuel Salloum, GCEL Co-Chairman, Dr. Surin Pitsuwan, Asia Logistics Council Advisory Board Chairman and former ASEAN Secretary-General and former Thailand Foreign Affairs Minister, Tan Sri Abdul-Rahman Mamat, Chairman of Asia Logistics Council and former Secretary-General of Malaysia Ministry of International Trade & Industry, Dr. El-Hassan Hzaine, Director-General of the Islamic Center for Development of Trade (ICDT) representing the OIC.

Dr. Hzaine shared OIC’s perspective saying: “We must use digital tools to increase trade efficiency and promote trade between OIC and our trade partners globally and China. The reduction of OIC trade-costs will allow China to expand production capacity and build the buying power in low- and mid- income countries, thus minimizing China’s dependency on high- income counties and alleviate its currency valuation pressure.”

During the 9th Annual World Islamic Economic Forum (WIEF) in London GCEL and ICDT executed an MOU to deploy the Digital Economy globally.

Dr. Surin shared his views from an ASEAN perspective stating: “Through the Digital Economy we can enlarge the global trade market and create a win-win situation. We must transform today’s protectionist trade policies to an execution plan with the tools to increase trade within ASEAN and with its Asia trade partners.”

Mr. Zhao Yan, Executive Chairman of The Top 500 China Foreign Trade Enterprises Club, exclaimed, “We would be pleased to execute an MOU with GCEL to conduct China’s Trade Efficiency Assessment as this initiative is important for our members.” Mr. Yan emphasized that China’s Top 500 who represent 40% of China’s trade “suffer overseas due to problems with trade and logistics.”

Tan Sri Abdul Rahman stated, “This is an unprecedented global initiative, founded on providing an equal opportunity process for more than 56 qualified public and private organizations from around the world to govern and to deploy the Digital Economy.”

H.E. Yu Ping, CCPIT Vice-Chairman, welcomed a future Think Tank Session to explore the opportunities for China’s Digital Economy leadership affirming, “HumaWealth is important to our members and responds to the Premier’s call for more openness and transparency in China’s economy.”

Captain Salloum, GCEL Co-Chairman, commented as to the positive reception by China’s leading trade organizations stating “Throughout our sessions in Beijing, we received consistent, spirited messages confirming that China is targeting the fields of innovation and services as the next frontiers for its global leadership.”

GCEL plans to conduct Trade Efficiency Assessments for the remaining 15 G20 countries in order to bring the voice of the people to their leaders during the 2015 Turkey G20 presidency.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...