Resilient GVCs Amidst Geopolitical Fragmentation: The Role of Infrastructure Investments in the Maritime Economy
The maritime transport and logistics sector accounts for 80 percent of international traffic involving goods in terms of volume. The slowdown in international trade flows following the global financial crisis, and the disruptions in global value chains (GVCs) brought about by the COVID-19 pandemic and the Russia-Ukraine war, have raised awareness about the need to create new infrastructure models in this sector. These models should combine sustainability strategies and digital tools to help make the mechanisms governing freight traffic more resilient, fluid, and environment-friendly. The Green Ports model has the potential to foster investment in sustainable infrastructure while enhancing maritime transport resilience. Strengthening a coordinated infrastructure investment strategy for the maritime transport sector at the G20 level is crucial to respond to the challenges of increasing geoeconomic fragmentation.