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Red tape hampers industry expansion

14 Jul 2023 - by -
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Wesgro is committed to enhancing and expanding its focus on air cargo, recognising its significant role as a trade enabler, according to CEO Wrenelle Stander.“The global economy depends on the ability to deliver products at competitive prices to consumers, and air cargo offers a fast and generally reliable method of moving goods around the world. It plays a critical role in developing agile and resilient supply chains.”According to the International Air Transport Association (Iata), air cargo transports over $6 trillion of goods, accounting for approximately 35% of world trade by value. It was previously estimated that a 1% improvement in a country’s air cargo connectivity led to a 6% increase in business. “Countries with well-developed air cargo connections combined with good quality customs services and smart borders are better at integrating into global value chains—which can accelerate economic growth,” says Stander. “This suggests that we should pull out all the stops to boost the air cargo industry and ensure that our exporters and importers have more viable options to move their high-value goods quickly and efficiently. This is particularly crucial given some of the operational challenges at our ports, which threaten to cripple key sectors of the economy such as agriculture and mining.”

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