The U.S. is shutting down the country’s ports, but there’s a chance the government can use the shutdown to save the economy and protect the environment.
A major problem with shutting down ports is that the government often does so in the midst of a recession.
A report by the International Monetary Fund this week showed that the United Kingdom and other nations that have faced major economic crises over the past decade, including the euro zone, have made good on their commitments to the EU and other global lenders by closing their ports.
But the report also said that in many cases, these countries still had not done enough to save their ports and that it was “highly likely” that they would be shut down in the future.
“The U.K. and other EU countries have done very little to reduce their reliance on the ports as a result of the crisis,” the IMF said.
“In addition, the closure of ports is likely to create significant public and economic costs and could exacerbate the impact of any future downturn.”
The IMF report also noted that the countries were also not “sufficiently invested” in their ports, as well as in the infrastructure needed to support their businesses.
It said that if the U.N. Convention on the Law of the Sea (UNCLOS) were to be ratified, “it would have to be interpreted in a way that does not penalize countries for the fact that they have closed ports and other infrastructure and services.”
“In order to have the capacity to respond to any further natural or man-made disasters, it is crucial to have an environment that is resilient, flexible and responsive to natural and man-induced events,” the report said.
So far, the U .
S. government has said that it will use its remaining $100 billion to reopen ports in other parts of the country and that the U -S.
would still shut down its entire fleet of ships.
The government has also said it will continue to shut off U. S. ports to foreign ships for several more months, and has said it is looking into a possible ban on Chinese vessels entering the U S. The shutdown comes as the Trump administration has been trying to roll back the environmental, consumer, and worker protections put in place after the BP oil spill in 2010.
“This is a bad day for the environment and for the workers who put their lives on the line every day to protect the ocean,” Sen. Bernie Sanders (I-VT) said in a statement.
“We must stop this unnecessary shutdown and bring jobs back to America.”