South China Sea judgement of importance to trade and commerce

South China Sea judgement of importance to trade and commerce

The landmark judgement passed by the Permanent court of Arbitration on the South China Sea dispute comes at the right time as global trade increases its importance in the country. Besides the judgement is crucial for peace and stability says Mr. Vijay Kalantri, President, All India Association of Industries.

This judgement also opens new vistas for the growth of trade and commerce besides removing barriers and ensuring freedom of maritime movement, benefiting shipping and cargo in India as well as across the globe added Mr. Kalantri.