Question

In: Economics

It is said that regional production and trade will increase because of the disruptions and breakages...

It is said that regional production and trade will increase because of the disruptions and breakages in global supply chains due to Covid-19 pandemic. How does this affect Turkey's coastal (coaster) shipping?

Solutions

Expert Solution

COVID-19 has struck the global value chain hub regions, including China, Europe and the US. The pandemic has severe implications for international production networks.

The Corona Virus crisis will fundamentally reshape global trade. The pandemic will reverse globalization and economy move towards regional supply chains.

The climate change would also grow importance for corporates to focus on regional productions.

Turkey’s Coastal (Coaster) Shipping:- Corona Virus is affected every industry and many countries had to close their ports.

Turkey has closed all the borders for passengers. Crew members and passengers of any country on Ships are required to provide their body temperature and will be kept under observation for 14 days. They all will be listed. All the ships have to be sanitized before they pass through Turkish Straits Passages. No Ships are allowed to leave shore during this period without permissions.

Vessels arriving to any port of Istanbul must be disinfected.


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