Over 80% of world trade volume is carried by sea – UNCTAD

▪︎Shutterstock/asharkyu | Yantian International Container Terminal, Shenzhen, China. UN Trade and Development (UNCTAD) says over 80 percent  of world trade volume is carried by sea. UNCTAD discloses this in its latest Review of Maritime Transport 2024: Navigating Maritime Chokepoints. In the publication,  UNCTAD reports that the global maritime trade grew by 2.4% in 2023, recovering from…

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Patronage of Second-Hand Clothing Threatens Employment for Over One Million Nigerian Tailors

The smuggling of second-hand clothing into Nigeria poses a significant threat to the livelihoods of approximately one million five hundred thousand Nigerian tailors. Mr. Alok Bhardwaj, Managing Director of Sunflag Nigeria Ltd., conveyed this critical statistic to the Minister of State for Industry, Trade and Investment, Sen. John Enoh, during a recent visit to the…

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