It was announced recently that the Panama Canal Authority (ACP), along with
the Government of Panama, had participated in a Business Roundtable in late
October, organized by Economist Conferences, a division of the Economist Intelligence
Unit in Panama.
Conference attendees included senior government and global business leaders
from the maritime, financial, technology and construction industry.
The Government Roundtable was inaugurated by Panama's President Martín
Torrijos, and continued with the opening session 'Reaping the Benefits of the
Panama Canal Expansion'.
During the forum, Vice President and Minister of Foreign Affairs Samuel Lewis
Navarro, ACP Board of Directors Chairman and Minister of Canal Affairs Dani
Kuzniecky, ACP Administrator/CEO Alberto Alemán Zubieta and Coyne et
Bellier's Executive Vice President for Strategy and Development, Jean Binquet
discussed the importance of the Canal's expansion as one of the main projects
for the country's economic development.
Panama is leveraging its two primary assets, its natural geographic position
and the Panama Canal, to create an aggressive development strategy. Key to Panama's
strategic location is the waterway, whose expansion, is promoting development
in sectors such as tourism, logistics, construction, and insurance.
The expansion will build a new lane of traffic along the Panama Canal through
the construction of a third set of locks, which will double capacity and allow
more traffic, longer and wider ships.