A lack of common travel protocols could cost the world trillions of {dollars}, Dubai Airports CEO says

Countries haven’t but come to a consensus on safely restart travel amid the coronavirus disaster, and this could cost the world economic system trillions of {dollars}, based on the chief government of Dubai Airports.

“We don’t have an agreed testing procedure for a reliable, accurate and scalable test, and that needs to happen,” Paul Griffiths informed CNBC’s Hadley Gamble on Monday.

“Secondly, there’s no harmonization between the control measures and the need to have a quarantine regime that is both effective and non-intrusive,” he mentioned. Dubai Airports owns Dubai International and Dubai World Central Airports in the United Arab Emirates.

The aviation business has been hammered by the outbreak of the coronavirus, with air travel coming shut to an entire halt as nations closed borders to gradual the unfold of the virus.

Some markets have since reopened, however with differing measures in place.

The coordination of three issues — testing, travel protocol and quarantines — is the “essential next step to be able to get the world moving again,” Griffiths mentioned.

“The big problem at the moment is globally, governments are looking at risk elimination,” he mentioned. “My view is, we’re never going to get there.”

Instead, he added, nations must be managing danger and placing a stability between security and kick-starting the world economic system.

A vacationer walks via the terminal 3 of Dubai airport in the United Arab Emirates on July 8, 2020.

Giuseppe Cacace | AFP | Getty Images

Griffiths mentioned governments weren’t targeted on the financial and social advantages of managing the virus in a sensible manner. “That needs to change if we are going to get anywhere with getting back to some form of normal life which we are all desperate to achieve.”

Asked about the cost to the world economic system if travel stays in limbo, he mentioned: “I think we’re running into tens of trillions of dollars already.”

On the different hand, the world price ticket for rectifying the state of affairs is “just tiny” by comparability, he added.

“If we could get a group of likeminded people together to harmonize those three simple steps of a proper harmonized quarantine, testing and travel protocol, and just agree what their standards are … you are talking a fraction of the damage that’s being done to the economy globally,” Griffiths mentioned.

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