Anti-terrorism measures being taken by states around the world could add up to 3 per cent to the cost of international trade, a conference of exporters in Dublin was told yesterday. The conference, entitled 'Trade facilitation 2003', was organised by the Irish Exporters Association (IEA) to examine the impact of new customs and security regulations on Irish and global supply chains.
The warning was given during an address by Mr Jack Short, secretary general of the European Council of Ministers of Transport (ECMT), a think-tank that advises transport ministries in 42 European countries.
'Their assessment is that all the anti-terrorism measures will cost trade 1 to 3 per cent of total export volumes,' said Mr John Whelan, chief executive of the IEA.
