Striving for interconnection, Panama is currently promoting the National Logistics Strategy of Panama 2030, with an aim to build itself into a global logistics hub.
This strategy echoes Chinese President Xi Jinping’s proposal of the Belt and Road Initiative, as a result of which the two countries are a pair of natural partners for the joint construction of the Belt and Road.
The expansion project of the Canal was completed two years ago, which has allowed ships of larger size to transit and further enlarged the handling capacity of the waterway. The centenary canal has since taken a new lease of life.
At the inauguration ceremony of the project, Chinese container vessel COSCO Shipping Panama became the first vessel to transit the expanded Panama Canal. It revealed the importance that Panama attached to China’s marine logistics.