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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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Visitors inspect Chinese automaker BYD's Atto 3 electric car displayed at the 45th Bangkok International Motor Show 2024  in Nonthaburi province on the outskirts of Bangkok, Thailand.

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.

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