UN Trade and Development Secretary-General Rebeca Grynspan visits the Panama Canal
While visiting the Panama Canal on 18 and 19 May 2024, UN Trade and Development (UNCTAD) Secretary-General Rebeca Grynspan saw first-hand the increasing impacts of climate change on operations.
This exacerbates existing geopolitical challenges that are straining global trade and supply chains. Notably, these include ongoing disruptions in the Black Sea linked to the war in Ukraine, and recent attacks on commercial ships in the Red Sea.
The Panama Canal is a critical global trade route linking the Atlantic and Pacific oceans and confronting low water levels, due to below-normal rainfall driven by the climate phenomenon “El Niño”.
Earlier analysis by UN Trade and Development estimated that total transits through the canal plummeted by 49% in January and 42% by April 2024, compared to the peak in December 2021. Find out more: unctad.org/news/un-trade-and-development-chief-visits-pan...
Photo credit: UN Trade and Development (UNCTAD)