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OAS urges region to take advantage of Panama Canal

Thursday, June 19, 2014

The Inter-American Committee on Ports of the Organization of American States, OAS, wants Caribbean countries to take advantage of commercial opportunities offered by the Panama Canal expansion.

Executive Secretary for Integral Development of the OAS, Sherry Tross, recalled that more than 80 per cent of world trade is transported by sea, and noted that the redevelopment of the Panama Canal will increase traffic and maritime trade worldwide.

“This increased capacity not only implies savings for world trade, but has the potential to increase trade between Latin America and the world,” she said.

Source: Jamaica Observer