-
Advertisement
Coronavirus pandemic
OpinionLetters

Letters | G20 leaders must preserve maritime trade to keep world’s vital supplies moving

Reading Time:1 minute
Why you can trust SCMP
Shipping containers in Yantian, Shenzhen. About 90 per cent of all global trade is transported by commercial shipping. Photo: Martin Chan
Letters
We have just witnessed G20 leaders convene a virtual summit during the most extraordinary circumstances in recent memory.
While it is right that they focused on the difficult situation that countries are facing over the Covid-19 crisis, they must not forget that commercial shipping moves the world’s food, energy, raw materials, manufactured goods and components. These include vital medical supplies, many products sold in supermarkets, and items that, due to complex supply chains, are necessary for the preservation of many jobs in manufacturing – jobs without which society cannot function. Indeed, 90 per cent of all global trade is transported by commercial shipping.

As G20 leaders move to realise agreed goals following the conclusion of the summit, it is clear that they must do everything in their power to keep supply chains open and preserve maritime trade.

Advertisement
We need to see a more coordinated approach by governments, working alongside the United Nations’ International Maritime Organisation, the World Health Organisation, and other relevant agencies, as otherwise we will be storing up more problems for the world in the coming weeks and months.

As in 2008, the G20 has an opportunity to catalyse this leadership at this critical time.

Advertisement

Esben Poulsson, chairman, International Chamber of Shipping

Advertisement
Select Voice
Select Speed
1.00x