iata ‘heavily concerned’ about protectionist rhetoric
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

IATA ‘heavily concerned’ about protectionist rhetoric

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice IATA ‘heavily concerned’ about protectionist rhetoric

Alexandre de Juniac (centre), director-general and CEO, with Glyn Hughes (left), global headof
Abu Dhabi - Arab today

The International Air Transport Association (IATA), a trade group of the world’s airlines, said on Tuesday it was “heavily concerned” about protectionist policies gaining momentum across the world, as such policies hurt industry and economic growth.

Alexandre de Juniac, director-general and chief executive officer of IATA, said the association is even lobbying against such policies and is in discussions with different governments about the impact they will have.

“In many parts of the world, we are seeing protectionist rhetoric progressing, meaning that we see measures taken by governments to raise barriers on borders for trade and travel. We are heavily concerned at IATA because we think it’s bad news for the industry as it is bad news for the economy,” he said at a press conference in Abu Dhabi.

De Juniac added, “IATA as an organisation strongly advocates for open borders for trade and people... and we think that [open borders] fuel growth and prosperity.”

His comments echo a similar strong sentiment against protectionism that was voiced, not only by economists at a macro level, but by experts in the aviation industry

In February 2017, Carsten Spohr, chairman and chief executive officer of Lufthansa Group, described protectionism as a “dangerous” trend. He also said aviation companies around the world need to push the industry harder to counter protectionist movements.

IATA said that it is, indeed, working to counter protectionism movements by “relentlessly” talking to politicians and lobbying against the policies in discussions the association had with various governments, including the US administration.

In its forecast for 2017 that was released late last year, IATA cited protectionism as one of the headwinds facing the aviation industry, with the trend expected to contribute to slower growth in the industry this year.

De Juniac’s comments to reporters came after a speech the CEO delivered at the 11th World Cargo Symposium where he said businesses “must all be concerned” about protectionist rhetoric.

“Even though the year has started with some positive signs, we are still in a very tough business... More broadly, we must all be concerned about the protectionist rhetoric that is spreading. Aviation is the business of freedom. The industry is premised on borders that are open to people and trade; that is at the heart of the important role that we play in globalisation,” he said in his speech.

De Juniac added that globalisation, with the help of aviation, has played a key role in lifting hundreds of millions of people from poverty.

But while the broader aviation industry may see growth slowing down this year, it’s a different case in the cargo sector, which is starting to see some growth.

“After several years of virtually no growth, we are starting to see demand pick up. Freight volumes began to grow in the second half of 2016, and the momentum is carrying over into this year, with January demand rising nearly 7 per cent over the previous year,” De Juniac said.

He cited double digit growth in the e-commerce industry as one of the factors driving growth in the cargo sector, as well as growth in the pharmaceuticals market.

“High-value specialised cargo is showing great potential. The total global pharma market is expected to reach $1.12 trillion (Dh4.11 trillion) by 2022, creating significant opportunity for air cargo, and a substantial part of this market is the transport of temperature-sensitive health care goods,” he said

source : gulfnews

GMT 11:47 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 10:35 2018 Monday ,22 January

Bahrain Press headlines

GMT 12:43 2018 Friday ,19 January

Bahrain press headlines

GMT 13:14 2018 Thursday ,18 January

Bahrain Press headlines

GMT 11:57 2018 Tuesday ,16 January

Bahrain Press headlines

GMT 12:25 2018 Sunday ,14 January

Bahrain press headlines

GMT 11:57 2018 Sunday ,14 January

Bahrain Press headlines
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iata ‘heavily concerned’ about protectionist rhetoric iata ‘heavily concerned’ about protectionist rhetoric

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iata ‘heavily concerned’ about protectionist rhetoric iata ‘heavily concerned’ about protectionist rhetoric

 



GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 07:16 2018 Thursday ,18 January

Macron's tapestry gesture risks rousing

GMT 23:45 2018 Tuesday ,23 January

Europe in the pink of health, feels Bjorn

GMT 16:03 2017 Friday ,05 May

Ban on Omani foods

GMT 03:07 2017 Saturday ,30 September

Facebook helps UAE resident reunite with brother

GMT 00:05 2017 Wednesday ,15 November

Deadly heat from climate change may hit slums hardest

GMT 10:18 2016 Thursday ,27 October

Sharjah Book Fair’s Professional Programme attracts

GMT 13:56 2012 Sunday ,21 October

King Mohammed VI Gulf tour

GMT 19:28 2017 Sunday ,12 March

Carlos the Jackal faces trial again in France

GMT 05:55 2018 Tuesday ,23 January

US tax reforms send UBS profits plunging

GMT 06:01 2018 Saturday ,20 January

How to take a bullet, by 'Den of Thieves' star 50 Cent

GMT 23:50 2018 Thursday ,18 January

1.5 C climate goal 'very unlikely' but doable

GMT 08:42 2018 Wednesday ,17 January

Was preparing new version of 'Zombie'

GMT 13:06 2018 Tuesday ,16 January

The London Fashion Agency relaunches as LFA

GMT 14:17 2017 Friday ,03 February

Facing Trump trade threats, Mexico eyes new partners

GMT 10:33 2017 Thursday ,28 December

Putin files nomination for 2018 re-election bid

GMT 08:01 2017 Tuesday ,21 November

China's Tencent overtakes Facebook

GMT 10:15 2017 Tuesday ,21 November

US-Saudi warplanes hit Sanaa

GMT 07:42 2010 Wednesday ,15 September

Global regulators agree on tougher Basel III bank rules
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice