UNCTAD Sounds the Alarm Over Unprecedented Disruptions to Global Trade

UNCTAD Warns of Unprecedented Disruptions to Global Trade

The UNCTAD has raised concerns about the impact of geopolitical tensions and climate change on global trade, particularly affecting shipping routes like the Suez Canal and the Panama Canal. These disruptions have led to a decline in trade, increased freight rates, longer routes, and higher emissions, with potential economic consequences. The organization calls for international cooperation to address these challenges.

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