Moderators Moderator_02 Posted September 14, 2018 Moderators Share Posted September 14, 2018 Quote US-China trade war could hit Panama Canal revenues Posted on September 13, 2018 in Panama Post Views: 127 A trade war between the United States and China, the two biggest users of the Panama Canal could affect the movement of cargo and revenues through the waterway says Canal Authority administrator Jorge Luis Quijano. The United States is the first user of the Panama Canal with 68.3% of the freight traffic, followed by China, with 18.3%; Chile, with 11.4%; Japan, 11.4% and Mexico, in fifth place with 10.4%. “The decisions of these great powers can have an impact on us, he told representatives of the American Chamber of Trade and Industries of Panama (Panamcham) on Thursday. September 13 But we also serve other routes and countries such as Mexico, Chile or other Asian countries ” said Quijano. In view of this panorama, the Canal administration seeks other markets such as Brazil to move grains north of that country and to Asia, in addition to liquefied natural gas that goes to other Asian countries like Japan. Despite the concerns over the US and China, the Canal’s projection for 2019 is for strong growth and Quijano emphasized that there is still nothing concrete in the differences between the two powers. https://www.newsroompanama.com/business/panama-4/us-china-trade-war-could-hit-panama-canal-revenues Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted September 19, 2018 Author Moderators Share Posted September 19, 2018 Quote Trump’s new tariffs may impact Canal Posted on September 18, 2018 in Panama Jorge Luis Quijano Share Post Views: 236 PRESIDENT Donald Trump’s new tariffs on Chinses imports to the US could impact the Panama Canal warned the authority’s administrator, Jorge Luis Quijano, on Tuesday, September 18 The Office of Foreign Trade of the United States formalized on Monday the entry into force of a 10% tariff to a list of almost 6,000 Chinese products valued at $200 billion. Quijano reiterated that 68% of merchandise that goes through the Canal goes to or comes from the United States biggest user of the Panamanian waterway. The administrator, who was participating in a logistics the forum organized by the Panamanian Association of Business Executives (Apede) said that alhough the current fiscal year remains positive the Canal is in the middle of the threats posed by Trump’s announcement and the Canal Authority will have to evaluate its effects. https://www.newsroompanama.com/news/panama/trumps-new-tariffs-may-impact-panama-canal Quote Link to comment Share on other sites More sharing options...
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