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8 August 2026

Sompo moves to close GPS jamming insurance gap

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Source reporting: Splash247

Sompo moves to close GPS jamming insurance gap

Japanese insurer Sompo Japan has launched what it claims is the shipping industry’s first insurance coverage specifically targeting economic losses caused by radio interference with ship navigation systems. The new cover, available from this month, compensates owners when interference with satellite positioning systems leaves a vessel unable to operate even though the ship has suffered …

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8 August 2026

Why is transit in goods free but trade is not?

In my previous two posts on the value of the WTO, I argued that when governments set trade policies independently, they focus on domestic effects but often overlook the costs imposed on trading partners. International trade agreements help governments take account of these cross-border spillovers (terms-of-trade externalities) by encouraging reciprocal negotiations over trade policy. While these negotiations will reduce trade protection, they will not necessarily lead to free trade. But if governments do not generally commit themselves to free trade, why has freedom of transit for goods been seen differently?

Source: World Trade OrganizationOriginal source

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