Freight News, Logistics

Trade pacts are key to forwarders’ fortunes

[ November 13, 2015   //   ]

The fortunes of UK freight forwarders will be intricately linked with the success of current and future free trade negotiations, predicts market intelligence firm Key Note in a new report. Free trade agreements among the world’s economies are boosting trade volume and creating new opportunities involved in the process, it argues in its recently published Freight Fowarding 2015.

The proposed Transatlantic Trade and Investment Partnership (TTIP) between the EU and US is particularly significant, it says.

The European Commission forecasts that the TTIP agreement would benefit the EU’s economy by around €120bn, the US up to €90bn and the rest of the world around €100bn.
Despite political and public opposition to the agreement on both sides of the Atlantic, the negotiations are on pace, but that given the scale of the project, it probably won’t be finalised before 2016.
Freight Forwarding 2015 also evaluates the current and forecast performance of UK freight forwarders and includes a political, economic, social, technological, environmental and legislative analysis of the market, while gauging the leading competitors currently engaged in the sector.