
Eighteen leading maritime powers have issued a joint statement warning that the customary system of international rules ensuring freedom of navigation and global maritime trade is rapidly eroding.
The statement, publicized on the Consultative Shipping Group (CSG) platform, notes that over 80% of global trade is carried by sea, including electronics, clothing, cars, grain, metals, oil, and gas.
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Global trade and economic stability are at risk
“Observers and legal analysts are closely tracking subsequent filings to assess broader governance implications.”
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