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Drewry: Shipping benefits from free trade agreements

Free trade agreements, such as the one recently concluded between the United States and 12 Pacific nations, will increase container freight between the contracting countries, notes Drewry, encouraging investments in countries with free trade agreements.

Photo: UASC

Covering 40 percent of world trade, the recently concluded Trans-Pacific Partnership (TPP) is the largest free trade agreement (FTA) signed since the NAFTA agreement on free trade between the United States, Mexico and Canada in 1994. In the long term, this spells good news for container carriers, say Drewry Maritime Research in a study of the consequences of recent free trade agreements.

"Drewry has found evidence that supports the argument that free trade deals do encourage heightened trade growth, specifically in the container shipping arena," says Drewry, referring to a range of earlier FTAs.

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