European shipowners deeply concerned about looming prospect of global trade war

European
shipowners, represented by the European Community Shipowners’ Associations
ECSA, express their deepest concerns about recent developments on global
bilateral trade relations. The result of the G7 meeting last weekend offered no
improvement, on the contrary.

European
shipowners recall that open trade relations based on transparent rules and
procedures are crucial for world trade and world economic growth and
prosperity. Any unilateral measures appearing to show benefits at the short
term will in the longer term prove to be counterproductive for all. Imbalances
in trade relations have to be taken care of by sound economic policy measures,
not by taking short sighted measures not addressing real possibilities for
improvements.

European
shipowners, while understanding the need for Europe to act if need be, call
upon all stakeholders to take their responsibility and to make sure that world
trade remains the driver for economic prosperity all over the world.

Source:
ECSA (European Community Shipowners’ Associations)