Question

What is the significance of Suez Canal in terms of trade​

Answer 1

Answer:

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Explanation:

The canal is in Egypt, connecting Port Said on the Mediterranean Sea to the Indian Ocean via the southern Egyptian city of Suez on the Red Sea. The passage enables more direct shipping between Europe and Asia, eliminating the need to circumnavigate Africa and cutting voyage times by days or weeks.

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Answer 2

It connects the Mediterranean to the Indian Ocean via the Port of Said and also major consumer markets with the biggest manufacturing hubs in the world. It is not only a trade corridor between Asia and Europe but it is also a possible path to growth for aspiring trade hubs in the Sub-Continent and East Africa.