Maritime trade is indispensable for global growth and prosperity – around 80 per cent of world trade by volume and more than 70 per cent by value is seaborne. The maritime sector is also at the heart of trade and economic activity for the Commonwealth.
Many Commonwealth countries have invested significantly in developing their port capacity and this is reflected in a stellar performance historically. However, the unprecedented pandemic has severely affected maritime trade, shipping and seaports that connect Commonwealth countries to each other and world markets.
This webinar discussed the findings of a recent study by the Commonwealth Secretariat on the impact of COVID-19 on maritime trade. It explored maritime trade landscape in the Commonwealth and demonstrated how maritime trade and shipping can help to revitalise Commonwealth trade post-COVID.