Exporters on the alert to Global Politics

In this new year, exporters find themselves facing a global situation that demands increased vigilance. Recent studies all point to the same reality: the slowdown in growth persists. Unfortunately, geopolitical tensions are escalating, with conflicts such as the one between Israel and Hamas adding to existing crises like the Russia-Ukraine war and tensions in the South China Sea.

According to a recent analysis by Allianz Trade, a major concern in 2024 is that 60% of the global GDP will be impacted by elections. No region will be spared, with elections scheduled in the European Parliament and several European countries such as Finland, Croatia, Portugal, Belgium, and Austria. Additionally, legislative elections are planned in the United Kingdom, presidential elections in the United States, and elections in Asia (Taiwan, Indonesia, India, South Korea) and Latin America (Mexico, Uruguay).

This political uncertainty is likely to create a period of wait-and-see among households, businesses, and investors. Consequently, it could delay potential decision-making by these economic actors, making a strong rebound in international economic activity less likely.

Faced with this complex context, participants in international trade, especially import-export professionals, must exercise increased vigilance. Political fluctuations can directly impact global markets, trade regulations, and export conditions. It is therefore essential to adopt flexible and responsive strategies to anticipate and mitigate risks associated with this period of political uncertainty.

By staying informed about political, economic, and geopolitical developments, professionals can better position their activities to navigate successfully in this complex export landscape.

 

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