FIATA raised concerns that protectionist measures wiFIATA raised concerns that protectionist measures will impact free tradel impact free trade

FIATA: Protectionism Threatens Freight Sector

The “fundamental building blocks” of free trade are increasingly being challenged by protectionist policies, according to a statement from the International Federation of Freight Forwarders Associations.

FIATA issued the statement in response to “dangerous” recent developments that challenge free trade on “several fronts.”

“Progress translates into investing in infrastructure and trade facilitation instruments, with a view to ensuring sustainable services with logistics connectivity and reduction of trade transaction costs, refuting protectionism as it is dangerous to development,” a spokesperson for FIATA said.

Headquartered in Glattbrugg, Switzerland, FIATA is a non-governmental organization, representing about 40,000 forwarding and logistics firms worldwide.

“Long-term initiatives should focus on updating, upgrading and maintaining infrastructure, as well as promoting infrastructure development as a means to the end stagnation and promoting growth and jobs in a sustainable manner … Without the right policy settings, it is difficult for any country to harness the opportunities for local industries to participate in global value chains,” said Marco Sorgetti, director general of FIATA.

Photo: FIATA raised concerns that protectionist measures will impact free trade. Credit: Wikimedia

Latest News

    EPCs Reveal Reluctance
    August 23, 2017
    EPCs Reveal Reluctance Despite the hype, leaders of major engineering, procurement and construction firms seem hesitant to commit...
  • Shipping traffic outside the Port of Singapore
    AEO Benefits Revealed for Breakbulk
    August 23, 2017
    AEO Benefits Revealed for Breakbulk By Thomas Timlen Authorized Economic Operator (AEO) – A party involved in the international...
  • A computer circuit board with a dollar as a central chip
    Counting Cyber Costs
    August 23, 2017
    Counting Cyber Costs By Gerry Northwood As we continue to assess the fallout from the global cyber-attack that affected...
  • economic silver lining illustration
    Silver Linings to Economic Misery
    August 23, 2017
    Silver Linings to Economic Misery Notwithstanding uncertainties surrounding U.S. economic policy, the outlook for international trade is not...