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Singapore officials stump for Panama Canal expansion

Singapore officials stump for Panama Canal expansion

Singapore's Minister for Foreign Affairs George Yeo visited the Panama Canal over the weekend and said the planned expansion of the canal would greatly benefit the maritime industry.

   “The Panama Canal expansion is important not just for Panama but for the entire industry — for the global economy,' he said.

   Yeo traveled to Panama as part of an official delegation, which also included Panamanian Ambassador to Singapore Eduardo Real, to be briefed on the expansion proposal and canal operations. Earlier this year, Singapore signed a free trade agreement with Panama.

   Panamanians will vote Oct. 22 in a national referendum on the proposed expansion. The project would build a third lane of traffic along the waterway through the construction of a new set of locks, doubling current canal capacity.

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