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Canada report - DIHK sees global collapse in the flow of goods due to Corona

10:15  01 october  2020
10:15  01 october  2020 Source:   de.reuters.com

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Berlin (Reuters) - According to a media report, the worldwide traffic of goods and goods collapsed massively in the Corona crisis.

The spread of the coronavirus disease (COVID-19) in Germany © Reuters / Fabian Bimmer The spread of the coronavirus disease (COVID-19) in Germany

This is reported by the "RedaktionsNetzwerk Deutschland" (RND / Thursday edition), citing the current foreign trade report of the German Chamber of Commerce and Industry (DIHK). The report is based on a survey among the individual chambers of industry and commerce (IHKs), which organize more than 500,000 member companies with activities abroad and are responsible for issuing documents for the international movement of goods. Accordingly, the number of issued certificates of origin - which provide information about the origin of goods - fell in April by more than 18 percent compared to the previous month. There is also a clear decline over the year. The so-called carnets - temporary passports for goods - even fell by 73 percent in the second quarter of this year.

"The corona-related collapse in world trade is leaving deep marks on German companies' exports of goods," said DIHK foreign trade director Volker Treier to the RND. "Given global travel warnings and export restrictions, companies will need patience to get back to pre-crisis levels." In 2019, the number of certificates of origin issued, which can be used to avoid customs duties, was at a record 1.5 million.

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