GLOBAL trade experienced growth in the first quarter as both goods and services volumes rebounded from the downturn of the previous year, according to the June 2023 UNCTAD Global Trade Update, reported London’s Baltic Exchange. But there was an increase in the political proximity of trade, suggesting a shift towards prioritizing countries that share similar political values, described as ‘friend-shoring’ by UNCTAD. After a decline in the second half of 2022, trade made a strong recovery in Q1...
https://www.seanews.com.tr/global-trade-grows-but-friend-shoring-worries-unctad/197214/