UNCTAD raises alarm on global trade disruptions
Sri Lanka, Jan. 29 -- Warns escalating attacks on ships in Red Sea are adding strain to shipping routes already hit by conflict and climate change
MV Marlin Luanda hit in the Red Sea by a missile fired by Houthis
PHOTO CREDIT: INDIAN NAVY/X
The UN's trade and development body UNCTAD has raised profound concerns over escalating disruptions to global trade.
It says that the recent attacks on ships in the Red Sea, combined with geopolitical tensions affecting shipping in the Black Sea and the impacts of climate change on the Panama Canal, have given rise to a complex crisis affecting key trade routes.
UNCTAD Head of Trade Logistics Jan Hoffmann outlined the organisation's detailed analysis of the situation at the UN's daily press briefi...
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