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What is the importance of SCS in terms of international trade? What do you think about US...

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Economics

What is the importance of SCS in terms of internationaltrade?

What do you think about US military presence in the SCSregion?

Some people believe that COVID-19 is starting a new era ininternational relations and business. US global leadership rolewill go down, while China's up. What do you guys think

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4.0 Ratings (620 Votes)
The SCS a rich fishing ground is believed to harbor extensive oil natural gas and hydrocarbons assets and is a critical trade route through which about half of all world trade passes The United Nations Conference on Trade and Development UNCTAD estimates that roughly 80 percent of global trade by volume and 70 percent by value is transported by sea Of that volume 60 percent of maritime trade passes through Asia with the South China Sea carrying an estimated    See Answer
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