Organization of Working Group on Marine Transportation
Marine transportation is absolutely vital to the world economy. Since ancient times, the seas have provided the great highways most efficiently and least costly for trade between peoples. International trade is the lifeblood of modern states, allowing exchanges of vast quantities of commodities that promote economic development and raise standards of living. The most recent example is China which has undergone a renaissance of trade with the rest of the world by sea, importing raw materials and exporting finished goods.
22 Jun 2010