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Home Economy

Travel Bubble

April 22, 2021
in Economy
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Travel Bubble
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In News: Estonia, Latvia, and Lithuania have recently started a travel bubble to help their economies recover following the Covid-19 lockdowns.

About Travel Bubble

  • Creating a travel bubble entails linking countries or states that have had a high degree of domestic success in controlling the Covid-19 pandemic.
  • The members of the community will be able to re-establish trade links as well as travel and tourism opportunities as a result of such a bubble.
  • Potential travel bubbles among higher-performing countries around the world, according to a survey, will account for around 35% of global GDP (GDP).
  • Smaller countries prefer travel bubbles because they are more likely to prosper until they are able to trade with larger partners again.

Criteria for Entering the Travel Bubble

  • Those from outside countries who wish to access the bubble corridor must first spend 14 days in isolation.
  • In the previous 14 days, no one could have travelled outside of the travel bubble’s member countries.
  • One should not be infected with coronavirus or have come into contact with someone who has been infected with coronavirus.

Importance and Possibilities

  • Potential travel bubbles among the world’s better-performing countries will account for about 35% of global GDP. 
  • Smaller countries, in particular, prefer such agreements because they would benefit from being able to trade with larger partners again.

Baltic Countries

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Source: Indian Express
Tags: News PaperPrelims

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