Cargo Breaking News
Afzal Malbarwala, Managing Director, Galaxy Freight says, “Prioritising air cargo in Free Trade Agreements (FTAs) have a significantly positive impact on cross-border trade. By giving air cargo priority, countries facilitate faster and more efficient transportation of goods, which is especially crucial for time-sensitive and high-value cargo. This approach also boosts economic growth by increasing trade volumes, reducing transit times, and enhancing supply chain reliability. Moreover, prioritising air cargo in FTAs will attract investments, promote economic development, and create employment opportunities in the logistics and transportation sectors.
To make the most of this opportunity, governments and industry stakeholders should work together to develop and implement efficient air cargo procedures, invest in modern air cargo infrastructure, and promote trade facilitation measures. Some of the key benefits of prioritising air cargo in FTAs include Faster Transportation wherein Air cargo enables rapid transportation of goods, reducing transit times and increasing supply chain efficiency. Another benefit of FTA is Increase in Trade Volumes. By facilitating faster and more reliable transportation, air cargo can increase trade volumes and promote economic growth. Also, FTA Improves Supply Chain Reliability in the logistic sector. Air cargo provides a reliable and secure mode of transportation, reducing the risk of cargo damage or loss.
Further, FTA creates employment and promotes Economic Development. By prioritizing air cargo in FTAs can attract investments, promote economic development, and create jobs in the logistics and transportation sectors.
In conclusion, prioritising air cargo in FTAs is a strategic move that can drive economic growth, increase trade volumes, and promote supply chain efficiency.”
