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Panama Canal expansion to enhance world trade
Deputy Administrator of the Panama Canal  José Barrios Ng is visiting South Africa on a fact finding mission and to explore opportunities for trade and investment.
He is also here to explain the expansion of the Panama Canal and its significant impact on the expansion of world trade.
Speaking to Foreign Exchange The Diplomatic Society Barrios Ng said that the expansion of  the Canal will see new larger locks constructed alongside the old locks  to accommodate the large ships.
The canal will also be  widened and deepened creating effective and efficient access between east and west and the Pacific and Atlantic oceans.
On this, his first visit to Africa and South Africa, he will present the opportunities the expansion of the Canal holds  for South African products and services.
As a logistic hub the canal is an ideal location for trans-shipment and light manufacturing.
Barrios Ng explained that he is here to learn about South African products and services pointing out the lack of information in this regard in the region.
He has however  noted some possibilities within some sectors in the South Africa economy that he will explore further.
He is scheduled to meet with the legal fraternity to share knowledge on the legal environment. He will make  presentations to the Maritime Chamber and deliver a lecture at the School of Civil Engineering during his visit.
 


Tuesday, 14 October 2014 10:02
 
 
 
 

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