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IATA sees slower international freight growth

Dec 11, 2013

Geneva – the IATA Industry Forecast 2013-2017 shows international freight volumes  to grow 17% over the next five years. This outlook incorporates a conservative estimate of the recovery in global economic activity and world trade volumes.

"Air cargo is a key enabler for the movement of high value products and perishable goods around the globe. More than $6 trillion worth of goods is air freighted annually, 35% of total world trade. But more recently, the relationship between international trade and GDP has broken down owing to rising trade barriers and ‘on-shoring’ of production. 

The successful conclusion of the WTO talks in Bali could be very important in kick-starting trade growth. To be ready to take best advantage of possible opportunities, air cargo needs to work together as an industry to improve its competitiveness and enhance the quality of its service to customers," said Tony Tyler, IATA’s CEO.

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