Marine Link
Tuesday, August 21, 2018

European Shipowners on Global Trade War

Maritime Activity Reports, Inc.

June 12, 2018

Photo: European Community Shipowners’ Associations (ECSA)

Photo: European Community Shipowners’ Associations (ECSA)

 European shipowners, represented by the European Community Shipowners’ Associations (ECSA), express their deepest concerns about recent developments on global bilateral trade relations. The result of the G7 meeting last weekend offered no improvement, on the contrary.

 
European shipowners recall that open trade relations based on transparent rules and procedures are crucial for world trade and world economic growth and prosperity. 
 
Any unilateral measures appearing to show benefits at the short term will in the longer term prove to be counterproductive for all. Imbalances in trade relations have to be taken care of by sound economic policy measures, not by taking short sighted measures not addressing real possibilities for improvements.
 
European shipowners, while understanding the need for Europe to act if need be, call upon all stakeholders to take their responsibility and to make sure that world trade remains the driver for economic prosperity all over the world.
 
Maritime Reporter Magazine Cover Aug 2018 - The Shipyard Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News