International Chamber of Shipping Says Tackling Trade Curbs Can Lift Post-Covid GDP – gCaptain
By Jack Wittels (Bloomberg) — Governments must look again at eliminating practices that hinder trade if they want to fire an economic recovery once Covid-19 has been tackled, according to new research by a group representing many of the world’s shipowners. Gross domestic product would jump by an average 1.1% for countries in the study if they cut tariffs on goods and removed punitive rules aimed at the maritime sector that make trade harder, the International Chamber of Shipping said in emailed research. While goods tariffs often grab the headlines when it comes to international trade, r...