TT Club warns of unforeseen liabilities

Speaking at the TOC Middle East Conference, Andrew Kemp, regional director EMEA for the Club, said that World Bank statistics reflected the fast-growing influence of the so-called South-South trade routes between Latin America, Africa and Asia.

Export values on this trade now representing 32% of total global trade, exceeding that between the developing and developed countries.  As both an influential import/export region as well as a key hub for the movement of goods in the South-South trade, the Middle East and its transport operators, are experiencing significant growth opportunities.

In conjunction with this growth has come a dynamic change in the amount and variety of services freight forwarders, logistics service providers and other transport companies are offering shippers.  However, this trend is not limited to operators in the Middle East but is being experienced across the globe, said Kemp.