It’s time to kick-start trade by reversing protectionist trade measures, according to Tony Tyler, director general and CEO of International Air Transport Association.
Air cargo volumes, measured in freight tonne kilometres, were up 3.3 per cent in April 2015 compared to April 2014, figures from IATA show.
However, IATA said there has been no actual growth in aggregated global cargo volumes since late last year.
“After a volatile start to 2015, the market is settling down, and it is clear that momentum in air freight growth is being lost,” said Tyler.
“First there is the structural challenge of world trade no longer expanding at a faster rate than domestic production. Layered on top of that trend we now see a weakening of economic indicators in the crucial air cargo markets of Asia-Pacific and Europe
“These factors point toward a need to kick-start trade by reversing protectionist trade measures. Implementing the Bali Trade Facilitation Agreement would be a good start, as well as commitments to help facilitate trade in emerging markets,” said Tyler.
Only the Asia-Pacific and Middle Eastern airlines reported growth in April. North American carriers reported essentially flat demand, while Europe, Latin America and Africa all reported declines when compared to 2014.