The shipping in the Hormuz Strait is blocked, 11 countries including New Zealand have issued a joint statement on maintaining an open supply chain.
According to a statement released by New Zealand on March 31, New Zealand, Singapore, and 11 other countries have issued a joint statement calling for the maintenance of an open and resilient supply chain around the Strait of Hormuz. According to the New Zealand Ministry of Foreign Affairs and Trade website, New Zealand, Costa Rica, Iceland, Liechtenstein, Norway, Panama, Rwanda, Singapore, Switzerland, the United Arab Emirates, and Uruguay have issued a joint statement. The statement recognizes that the closure of the Strait of Hormuz may severely disrupt global supply chains, especially for oil, natural gas, petrochemical products, fertilizers, and other essential downstream derivatives and necessities. The countries mentioned in the statement have reaffirmed their commitment to maintaining open, diverse, transparent, competitive, and resilient supply chains. The statement also emphasizes the importance of ensuring smooth trade routes to promote the smooth supply of energy and other essential goods, which is in the common interest of all parties. The statement also mentions the importance of not taking measures to restrict trade and states that designated supply chain contact points will be utilized to facilitate the timely sharing of information and coordination on joint response plans.
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