EFF statement on the ongoing Suez Canal crisis affecting global and local trade
29 December 2023
The Economic Freedom Fighters (EFF) notes with concern the ongoing SUEZ CANAL international crisis, caused by the conflicts in the Middle East which have disrupted the worlds busiest trade sea routes and the global economy.
The Red Sea accounts for more than 17 000 ships passing through it annually, and 12% of global trade passes through the Red Sea, including 30% of global container traffic.
Further to this, more than 7 million barrels of oil pass through this route, and delays will cause an increase in petrol prices, a shortage in various goods and more distress to an already collapsing global economy.
The EFF wishes to reiterate our unwavering support to the oppressed people of Palestine who are at the receiving end of brutal and inhumane genocidal attacks and ethnic cleansing by Zionist forces of Apartheid Israel and we call for international solidarity to the Palestinian cause.