The Panama Canal is crucial for global trade as it allows ships to cross between the Atlantic and Pacific Oceans, significantly reducing transit time and cost.

The Panama Canal primarily serves as a tourist attraction with minimal impact on shipping routes.

The Panama Canal is used exclusively for military operations to connect Atlantic naval bases with Pacific bases.

The Panama Canal has been rendered obsolete by the development of air freight transportation.

The WTO provides banking services to international traders to simplify transactions.

The WTO facilitates international commerce by setting global trade rules, resolving disputes, and providing a forum for trade negotiations.

The WTO sets quotas for every country to limit overproduction in trade markets.

The WTO acts as an international taxing body to regulate trade income among countries.

Containerization is the process of packaging goods in small parcels to increase shipping flexibility for local delivery.

Containerization refers to the exclusive use of containers in agriculture to maximize yield per square foot.

Containerization is the use of standardized shipping containers for transporting goods, revolutionizing global commerce by improving efficiency and security.

Containerization prioritizes shipping goods directly via air rather than sea to bypass maritime regulations.