The Strait of Hormuz, crucial for global commerce, is transforming into a toll highway where ships are reportedly asked to pay “safe-passage” fees amidst heightened tensions in U.S.–Iran relations. These payments, likened to protection money, compromise the principle of freedom of navigation and may normalise coercive practices in international trade.
Tag Archives: china
Chinese Brands: A Catalyst for Economic Growth
The Economist’s article discusses how Chinese brands are advancing beyond low-cost manufacturing, fostering innovation and competition globally. Protectionist measures in North America and Europe may inhibit domestic growth and innovation. Instead of exclusion, strategic engagement is suggested to enhance competitiveness and adapt to evolving trade dynamics, recognizing the need for collaboration and resilience.
PGTS Inc. 