How the Muscat Compact aims to shape the future of transport

The IRU World Congress wrapped on Thursday signed the Muscat Compact, a roadmap for the future of road transport, mobility, trade and logistics.

As a principle-based framework for cooperation, it will bring the industry together to take control of its future by using innovation to overcome current challenges and uncertainty, a statement said.

The Muscat Compact focuses on four key elements - talent, trade, environment and innovation. It spurs collective action and guides public-private collaboration at a local, national, regional and global level.

The Compact was discussed in a closed ministerial dialogue, examining how governments can work better with transport operators in supporting trade facilitation, building human capital, decarbonising and supporting innovation.

Governments from 25 countries came together to plan a course of action to achieve industry objectives and global goals, notably as set out in the UN 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs).

The Muscat Compact was presented during the closing session by Emil Kaikiyev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, who called for collaboration between the public and private sectors in taking transport, trade and mobility forward.

He said: “The Muscat Compact is the beginning of a new proactive era for transport, where we act together to design our future and we start building it.”

Secretary general of IRU, Umberto de Pretto, added: “This is a defining moment for the industry. We can’t predict the future, but we can forge our own destiny within it. The survival of the industry – of global prosperity – depends on it.”

Over 1,000 participants from more than 75 countries attended the three-day IRU World Congress in the Omani capital.

Arabian Business.com Contribution Time: 08-Nov-2018 12:42 (GMT)
Arabian Business.com Last Update Time: 08-Nov-2018 12:42 (GMT)