He Cabinet Council approved the creation Multimodal dry channel for transshipment of goods of the Republic of Panama named Omar Torrijos Herrera.
According to the initiative, the goal is to modernize the logistics platform, simplify customs procedures and maintain competitiveness in the sector, in order to generate greater cargo mobility and increase efficiency as a country.
It was clarified that the Dry Channel consists of railways, roads, highways, international airports, free zones, special economic zones, ports and private companies authorized for international trade and border crossings that provide logistics services. as well as logistics customs warehouses made possible by the National Customs Administration.
On the other hand, the amendment of the article was approved 11. Cabinet decisions 12 of March 29, 2016 which dictates complementary provisions to the Uniform Customs Code of Central America and its regulations, which relate to the work of shipping companies in the territory of Panama.
He Minister Adviser for the Promotion of Private Investment, José Alejandro Rojashe explained that this project will speed up the movement of goods across the isthmus and improve shipping times.
Rojas explained that Panama seeks to modernize and update its platform to maintain competitiveness in the logistics sector and carry out transshipment operations with liquid assets in the national territory in accordance with new trends in international logistics.
for his part, Rodolfo Samuda, technical secretary of the Cabinet for Logistics He said that since 8.5 million containers that pass through the Panama Canal, 85% are transshipment goods, but due to draft limitations, the interoceanic waterway cannot handle the transit of normal cargo and the dry channel seeks to expand the primary area to guarantee this service.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
