Saturday, January 27, 2024

Red Sea shipping crisis to affect global trade, warns UNCTAD

UNCTAD has expressed deep concerns about the global trade disruption caused by the ongoing Red Sea crisis. The organization emphasized the adverse impact on developing nations, warning of repercussions on global food prices due to longer cargo routes and higher freight rates.

from Economy-News-Economic Times https://ift.tt/wn1L8Qu
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