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Canal closing: importers expect only minor delays. (effect of Panama invasion on textile, clothing trade)
Daily News Record
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December 21, 1989|
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COPYRIGHT 1989 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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CANAL CLOSING IMPORTERS EXPECT ONLY MINOR DELAYS
WASHINGTON (FNS) - Textile and apparel importers are optimistic about getting their shipments through the Panama Canal to East Coast ports, despite President Bush's decision to close the waterway following the U.S. invasion of Panama early Wednesday.
Michael Rhode, secretary of the Panama Canal Commission, said the canal will resume "daylight transit" at dawn Thursday. Rhode said continued daylight operations will be evaluated on a daily basis and that full-time operations will resume as soon as possible.
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