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Climate Action and Sustainability in Trade Today

Climate Action and Sustainability in Trade Today

By Erika Masako Welch 24 October 2023

While the global economy has grown 100X in the past 60 years, global trade has grown exponentially faster, growing 250X since the 1960’s.

Global trade has become the bloodline to the world’s economy, and today accounts for 25% of global GDP. Trade has boosted economies, not just in the West, but across economies around the entire world. Asian ports now dominate the “Top 20 Trade Hubs” lists, as they export and import more goods than any other. Chinese ports make up nearly half of that list. Global trade and logistics also employ anywhere between 5-10% of the world population, with emerging markets saying it creates many more job opportunities in comparison to advanced nations.

With this influx in wealth and prosperity that is being spre

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