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A new report is highlighting the contributions of seafarers and how these unsung heroes of the sea help boost gross domestic product.
The study, “The key role of seafarers in national economies in a net-zero world,” was released this week by the Institute of the Americas at the University of California San Diego and it shows that seafarer jobs and their salaries pack an economic punch to a country’s economy.
Look no further than the Philippines, which is the home of 30% of the world’s seafarer workforce, said Leonardo Beltran, former deputy secretary of energy of Mexico and a fellow at the Institute of the Americas.
The country’s contributions to the world’s global trade cannot be understated.