Panama Canal to play key role in trade between Qatar and Latin America
The Panama Canal would play a vital role in strengthening trade between the State of Qatar and its Latin American partner countries, according to the top Panamanian diplomat in Qatar.
Ambassador Musa Asvat said the Panama Canal has improved global trade, transportation and connectivity for more than a century, and connects 144 sea routes that reach up to 160 countries around the world.
He said the widened canal doubled the tonnage capacity of the waterway, allowing transit up to container ships and 90% of the liquefied natural gas (LNG) carrier fleet, providing significant time savings for LNG producers in the United States when exporting to Asia.
“For example, the Panama Canal serves as the perfect point of connectivity and trade relations between the State of Qatar and the Americas, especially Latin America, as it becomes the perfect trading link for goods and raw materials, like LNG between the State of Qatar and Latin America, ”Asvat told the Gulf Times.
Asvat noted that Panama also has adequate infrastructure that improves its connectivity and allows business activities to flourish and expand across the Americas.
Further exploring Panama’s ports and logistics infrastructure, Asvat said Panama has ports in the Pacific and Atlantic Oceans, and a large free zone – the Colon Free Zone, as well as special economic zones.
“We have an international airport that serves as the hub of the Americas and the Panama Canal Railway, which connects the Pacific and Atlantic ports, so in terms of trade and business, Panama can be an excellent partner of the State of Qatar. », Asvat pointed out.
He added: “In addition to providing a safe, reliable and efficient service, the Panama Canal is committed to global efforts to reduce emissions from the maritime industry, including the original IMO strategy. on GHGs, IMO 2020, and the United Nations Sustainable Development Goal 13 (SDG), which calls for urgent action to combat climate change and its impact.
“By providing a shorter route for ships, the Panama Canal has contributed to a reduction of more than 13 million tonnes of carbon dioxide equivalent emissions in 2020, compared to the most likely alternative routes. In addition, the Panama Canal has launched its process of decarbonizing its operations, with the goal of becoming carbon neutral by 2030. ”
Previously, Asvat stressed that Panama is keen to strengthen its economic ties with Qatar through the exchange of good practices and knowledge sharing in various fields, including port management and logistics.