TIACA Endorses Call for COVID Action
FOR IMMEDIATE RELEASE
TIACA endorses a joint call to action issued by the Heads of the International Monetary Fund (IMF), World Bank Group (WB), World Health Organization (WHO), and World Trade Organization (WTO) calling for extraordinary financing actions by government leaders to accelerate the end to the COVID-19 pandemic.
They propose a US$50 billion health, trade and finance roadmap to end the pandemic and secure a global recovery. See here for the WHO press release WHO press release
The investment, according to an analysis by the IMF, would generate a cumulative benefit of US$9 trillion in global economic returns by 2025 and boost manufacturing capacity, supply, trade flows, and the equitable distribution of diagnostics, oxygen, treatments, medical supplies, and vaccines. As a result, it would accelerate global economic recovery advancing both developed and developing states and leading to a more equitable and sustainable global community.
Read the complete IMF analysis.
The analysis concludes that new investment is needed to increase manufacturing capacity, supply, trade flows, and delivery, accelerating the equitable distribution of diagnostics, oxygen, treatments, medical supplies, and vaccines. This injection would also boost economic growth around the world and accelerate economic reopening and integration.
The key is targeted investment to effectively boost global vaccination programs and to bridge the equity gap.
“The air cargo industry has invested heavily since the outset of the pandemic in preparation for supporting global vaccine and health care distribution. Since the beginning of this year, we have seen many vaccines receive regulatory approval, and it’s encouraging to see the early results. However, to protect each of us, we must protect all of us. We support increased investment in production and a more equitable global access to approved vaccines and further urge governments to support the air cargo industry, which plays a vital role in the critical global distribution activity.” Stated Glyn Hughes, TIACA Director General
The IMF study highlights several critical areas for investment;
- Procuring and distributing PPE, covid testing, and therapeutics
- Upscaling of vaccine production, storage, and distribution capabilities
- Increased social media-based information campaigns on vaccine benefits
- Facilitated cross border vaccine production licensing
- Risk assess supply chain raw material procurement to avoid production disruption
- Enhance new strain analysis, testing, and vaccine efficacy
- Enhance support for COVAX
- Ensure border measures support efficient and duty-free vaccine distribution
“The world has been dealing with Covid for nearly 18 months, and sadly too many lives have been lost. We now need to pull together like never before to see the end finally. TIACA fully endorses this call for enhanced governmental investment in these critical areas and will continue in our call to action to ensure the great work of the entire air cargo industry, and particularly the brave front-line logistical workers, are recognized and supported.” Stated Steven Polmans, TIACA Chair
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Notes to editors:
TIACA is The International Air Cargo Association, based in Miami, Florida. TIACA is the unique international not-for-profit association representing and uniting all parts of the air cargo industry: shippers, forwarders, ground handlers, airports, airlines, manufacturers, IT providers. TIACA members are traditional players and new entrants, small, medium, and large companies with regional and global reach.
TIACA’s vision is a safe, profitable and united air cargo industry that embraces modern technologies and practices to sustainably and fairly serve trade and social development worldwide.
TIACA’s mission is to support, lead and unite the industry to achieve that vision; promote and encourage business, social, and technological innovation; protect the interests of its members with one voice on common interests; disseminate and enhance knowledge amongst members and the air cargo industry.