What’s the state and future of global trade? That was one of the central topics we discussed at DHL’s GoTrade Summit 2024. Once again, it was an excellent platform for a thought-provoking exchange with experts from private and public organizations.
DHL CEO Global Business Services Tobias Meyer, said at the newting and concluded afterwards, that
Global trade has had it easier in the past. For about 10 years, the number and impact of trade-restricting actions have outpaced those that liberalize trade relations. Despite that, #globaltrade remains remarkably resilient overall – showing how essential and economically beneficial trade has become. However, trade patterns are changing: Trade within and out of Asia continues to grow dynamically, while trade between China and the United States has seen a moderate decline.
It’s important to remember that globalization and global trade are important pillars of economic development, innovation, and wealth creation. Trade has helped to fight inflation and make goods more affordable. It is also hard to see how the world can benefit from advances in pharma, medical devices, IT, AI, and agriculture tech without international trade.
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