The discovery of two bomb devices en route to the US has resulted in proposals to tighten air cargo security. Yet, without standard security measures which are internationally applicable, this will be difficult to enforce. Meanwhile, more stringent restrictions may adversely impact wider economies as a whole, with many sectors depending on timely cargo deliveries.
The G20 meeting in London did little to support the stimulation of global trade, with seemingly hollow promises and no firm commitment to advance the Doha round of trade negotiations. Despite the G20's leaders' acknowledgment of the importance of trade, and the announcement of $250 billion worth of trade credit funds, logistics companies will find little solace in the outcome of the summit.
Following an announcement by the UK government, small and medium-sized enterprises whose trade credit insurance has been negatively affected by the recession can now apply for help under the national scheme. The expansion of the program should greatly increase these businesses' uptake and help to stabilize supply chains across the country.
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