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Green trade can help countries reduce emissions, but rising protectionism must be ring-fenced
This is the fourth of a series of 12 primers on current affairs and issues in the news and what they mean for Singapore.
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Some green goods that traded well in 2022 were electric and hybrid vehicles, non-plastic packaging and wind turbines.
PHOTO: EPA-EFE
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SINGAPORE - For almost a year now, ships bearing cargo ranging from car parts to cereals have been contending with delays and higher passage fees at a major waterway in Panama that substantially shortens voyages between the US and Asia.
The man-made Panama Canal functions as a maritime shortcut between the Atlantic and Pacific oceans, and it facilitates around 6 per cent of global trade.