{"id":16345,"date":"2024-02-05T17:42:42","date_gmt":"2024-02-05T17:42:42","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=16345"},"modified":"2024-02-05T17:42:43","modified_gmt":"2024-02-05T17:42:43","slug":"global-trade-hit-by-crisis-guyana-faces-implications","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/global-trade-hit-by-crisis-guyana-faces-implications\/","title":{"rendered":"Global Trade Hit by Crisis: Guyana Faces Implications"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>In the wake of a global trade crisis, the Guyana World Trade Center has reported a 36 percent reduction in total transit over the past month. <\/p>\n\n\n\n<p>The crisis is attributed to multiple factors, including Houthi attacks in the Red Sea and a drought in the Panama Canal.<\/p>\n\n\n\n<p>International experts highlight an unprecedented drought affecting the Panama Canal, a crucial route connecting the Atlantic and Pacific oceans. <\/p>\n\n\n\n<p>This development impacts water tables and obstructs the passage of ships, affecting the global supply chain.<\/p>\n\n\n\n<p>Georgetown\u2019s World Trade Center organized a forum to analyze the crisis. CEO Komal Samaroo emphasized the decline in global trade in goods by 2 trillion compared to 2022, while trade in services increased by 500 million. <\/p>\n\n\n\n<p>He expressed the opinion that, given Guyana&#8217;s small population, abundant resources, and competitive energy prices in the future, the country must access international markets to realize its economic potential and expand its productive sector.<\/p>\n\n\n\n<p>The disruptions in global trade have led to delayed shipments and a subsequent rise in prices for imported commodities. <\/p>\n\n\n\n<p>Allan Newark, Country Manager of Kestrel Guyana, suggested a consolidated approach among suppliers to reduce freight costs.<\/p>\n\n\n\n<p>As Guyana navigates the implications of this crisis, collaborative efforts and strategic planning in the international trade landscape become imperative for sustainable economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the wake of a global trade crisis, the Guyana World Trade Center has reported a 36 percent reduction in total transit over the past month. The crisis is attributed&hellip;<\/p>\n","protected":false},"author":4,"featured_media":16346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[350],"tags":[],"class_list":["post-16345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/16345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=16345"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/16345\/revisions"}],"predecessor-version":[{"id":16347,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/16345\/revisions\/16347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/16346"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=16345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=16345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=16345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}