It is too early to say that the First Phase Trade Agreement could increase the volume of maritime transport. After months of bilateral negotiations on trade, China and the U.S. signed a pre-trade agreement that forced China to purchase more American farm products.
Various opinions and comments on this matter were shared at the World Economic Forum in Davos on Thursday. According to the common opinion, it is too early to say that the first stage agreement will really increase the trade volume.
However, it can not be denied that the first part of the Trade Agreement eliminates the uncertainty around the world along with the prospects for investment decisions to flourish.
While consumer spending continues at a very satisfactory amount worldwide, it is no surprise that thanks to this favorable weather, transportation volumes are revived with the support of solid business commitments.
Market actors playing a role in maritime transport want to build their plans on the reduction of uncertainty in the world. Especially discouraging, long-term uncertainties among leaders are hurting economies. Such agreements are needed for the benefit of all countries that will contribute to the world economy. However, let’s hope that the wheels of the economy spin, generate profits and return on investments.