Protectionism is the 'biggest challenge' for cargo: Beale
A trend towards protectionism in developed markets is the
biggest threat facing the marine cargo insurance industry,
according to Lloyd's CEO Inga Beale.
In a speech to the International Cargo Insurance Conference
yesterday Beale said while emerging markets such as China and India
were opening up, there was a corresponding rise in protectionism in
the developed world.
This, she said, created barriers for the import and export of
goods and services, directly impacting the marine cargo
industry.
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