Trade policy

Trade conflicts are globally on the rise. Protectionist measures are proliferating, risking to reverse decades of economic growth driven by free and open trade. A growth that the shipping industry has long enabled. From less than 500 million tonnes of goods transported by sea in the aftermath of the Second World War, today vessels carry more than 12 billion tonnes annually, serving the needs of both developed and developing nations, all around the globe.

It is, therefore, imperative to:

• Uphold the principles of the multilateral rules-based trade system.
• Eliminate barriers to the conduct of efficient international maritime trade.
• Ensure that maritime transport is not economically or politically weaponized.