Inside Story - How will the Northwest passage influence global trade and economy?
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Global warming maybe the bad boy when it comes to rising sea levels, extreme weather and killing arctic animals. But while the environment suffers, the shipping industry sees a massive new opportunity. The melting ice is opening up a new trade route through the Arctic Ocean, which China and other countries are planning to profit from. The newly navigable Northwest Passage connects the Pacific Ocean and the Atlantic. Shipping industry leaders in China say the route shortens the journey by 30 percent. But what claim do China and others have to this region? Presenter: Sami Zeidan Guests: Kamrul Hossain - Professor of International Law at the University of Lapland's Arctic Center. Fred Weir - Russia Correspondent for The Christian Science Monitor. Victor Gao - Director of the China National Association of International Studies. More from Inside Story on: YouTube - http://aje.io/insidestoryYT Facebook - https://facebook.com/AJInsideStory Twitter - https://twitter.com/AJInsideStory Website - http://aljazeera.com/insidestory/
Comments
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this is crazy
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It's Canada property
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the case with Panama and Suez, maybe they charge too much (expensive), maybe Panama shortage of water, maybe Suez unstable and pirate issue nearby.
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Interesting. Since the archipelago of islands are Canadian land, who pays for the damage when a shipwreck happens? It will be expensive to carry out search and rescue operations, as well as environmental cleanup. Will Canada be able to sue the country of origin?
This needs to be discussed. The routes they are showing are not as large as the map shows. They do fall under Canadian jurisdiction. If this was another country - say the USA - they would not permit other countries access as they demand. Why should Canada - until there are assurances of responsibility. -
Russia, the USA, China and Canada will profit from this, all the countries that experience loss of shipping by established trade routes and shipping lane traffic will lose out on income. As long as it lasts.
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I'm more worried about the lack of discussion about adverse effects on the ecosystem and local inhabitants in the advent of a disaster. That liabilities and passage restrictions be imposed on those who cause harm to the ecosystem; that it all be defined and agreed upon well before this trade route is established. It is vital to learn from the Exxon Valdez who spent fortunes in court but next to nothing in remedial compensation.
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thnks
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