Panama is China's 5th Commercial Partner in Latin America

©image: Roger Wollstadt

In a recent study, PriceWaterhouseCoopers (PWC) affirmed that China's ascendance in global trade is making it approach Latin American economies, which suffered relatively minor damage from the international crisis.

PWC's projections could have major impact in Panama, specially considering that China is the second largest user of the Panama Canal, after the U.S., as well as the most important supplier of goods re-exported from the Colon Free Zone.

There is further evidence on China's future trade growth in the region, such as its expected high rates of economic growth and the signature of a letter of intent between the Inter American Development bank and China's Export-Import Bank (China Eximbank).

Source: Prensa.com

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