Question

Identify the effects on trade before and after the opening of Suez canal. Evaluate,giving five points​

Answer 1

Answer:

The canal carries over 10% of global trade, including 7% of the world's oil. ... The Suez Canal accounts for 30% of the world's daily shipping container freight. That makes it the most important conduit for trade between Europe and Asia. Some 19,000 vessels passed through the canal last year, according to official figures.

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Explanation:

Answer 2

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We can say that the opening of Suez Canal has benefited India immensely.

• The Suez Canal was opened in 1869.

• It has reduced the distance between India and Europe by about 7000 km.

• Earlier the sea route from Europe to India was via Cape of Good Hope, which is the Southern tip of Africa.

• This route was very long.

• Thus, the Suez Canal has reduced the distance between India and Europe.

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