globalisation © Rawpixelimages |56297932
© Rawpixelimages

Some 10 industry leaders have joined to pen an article in Forbes addressing the World Economic Forum, arguing for a “major reboot” of global trade. Signed by the heads of UPS, Adani Group, Agility, Gulftainer, Swiss Airlines, Volkswagen, Allcargo Logistics, AP Møller Maersk, DP World and Deppon Logistics, the article argues that trade has boosted employment, incomes and lifespans over the past 50 years. But there are four ways it should change. They urge the WTO to reform, making it more transparent and faster to act; they call for trade laws to catch up with e-commerce and digitalisation; the streamlining of customs; and to make trade more inclusive, to ensure everyone benefits. Worth a read.

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