RIO DE JANEIRO, BRAZIL - In the last year, Panama took a more vital role as a distributor of products for the region and, especially, for Ecuador amid rising shipping freight costs. This increase is due to the shortage of containers, responsible for moving 80% of world trade.
Read also: Check out our coverage on Ecuador
Between January and July this year, Ecuador acquired USD$1.092 billion from Panama, three times the amount recorded in the same period of 2020 and higher than in 2019, when there was still no Covid . . .
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