EU calls ECSA to resolve WTO crisis
Following the recent crisis that the World Trade Organisation’s Appellate Body experienced, the European Parliament called ECSA to join the efforts in resolving this crisis, in favour of the shipping trade.
WTO
World growth and trade volumes face pressure
A slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020, BIMCO reports. The World Trade Organization (WTO) has significantly lowered its forecast for trade volumes growth in 2019, putting numbers to the slowdown that is already being felt by shipping.
Trade restricting measures reach historic high, WTO report shows
The WTO’s 21st Monitoring Report on G20 trade measures shows that the trade coverage of new import-restrictive measures introduced during the period October 2018 – May 2019 was more than 3.5 times the average since May 2012 when the report began including trade coverage figures.
