Future Logistics Strategy for the Panamanian Sector
The Panama Canal is recognized for playing a central role in the "National Logistics Strategy 2030," which is contemplated in Executive Decree No. 268 of April 10, 2018. In this regard, the executives of the Canal de Panama believe that the logistics strategy should be directed towards the 30% that complements the logistics sector, represented by maritime auxiliary businesses, to generate added value that can help restore the lost GDP due to the crisis that has arisen in Asia in the last year.
As the first axis of this strategy, support and incentives provided by the Cabotage Law No. 266 of 2021 are sought to boost the local economy by enabling the creation of new national ports, which will allow the integration of all logistics sectors and thus incentivize the exportation of national products to the international market.
The Panama Canal executives expect to put this plan into action with the construction and habilitation of the Baru port in the province of Chiriqui. This project, in addition to generating employment opportunities, will impact the cabotage service, the fishing and tourism industry, and the maritime auxiliary industry, contributing to sustainable growth and national and international connectivity.