Posts Tagged ‘canal’
Russian Warship will use the Canal
Friday, December 5, 2008 13:53 No CommentsIn the first time since World War II, a Russian warship, namely the Admiral Chabanenko will cross the Panama Canal. This is after the joint navy maneuvers held with the Venezuelan navy, in the Caribbean Sea. This is the first deployment of Russian warships since the Cold War era. The arrival of this warship, as [...]
Global Trade and Promotion of Trade with the US
Tuesday, December 2, 2008 16:33 No CommentsThe Panama Canal Authority and the Port of Miami have renewed a memorandum of understanding to facilitate the promotion of trade and economic growth between Panama and the United States. This agreement has been in place since 2003, and whilst Miami is recognized as a trade hub and key business partner to the ACP, the [...]
Panama’s Advantages of the Global Recession
Tuesday, November 18, 2008 16:15 No CommentsAlthough the world is entering a cyclical phase of recession, Panama has several advantages over other countries in dealing with and weathering this recession. Firstly the Panama Canal Expansion Project, being the largest project in Latin America, ensures economic growth for the next five years at least, this project represents an investment of $5¼ billion. [...]
The Panama Canal
Wednesday, October 29, 2008 7:05 No CommentsSince the days of the Spanish explorers, the Isthmus of Panama was recognized as a strategic trade route. It was only in the late 19th century that the first operations began to connect the Pacific and Atlantic Oceans. In 1881, the construction began under concession of the Colombian government, by a privately owned French company [...]
