The importance of seaports for countries cannot be underestimated. In this article, let’s look further at the importance of seaports:
Benefits to the National Economy
Maritime ports work to employ manpower and reduce the size of unemployment in the country, as well as to increase imports to the country itself and work to revive the countries that have ports.
Achieving foreign currency revenues that improve the balance of payments
The ports themselves are working to enhance and achieve revenues significantly; especially when difficult currencies come to the countries, especially the dollar, and this leads to a rise in the balance of payments in a high way.
They help to support and assert the country’s economic and political independence.
Maritime ports are among the economies that work for the independence of states, especially in the economic, political, social, industrial, and financial fields.
Reducing the costs of imported goods, consumer goods, and raw materials.
Confirmation of imported goods has a major role in the importance of ports because it works to reduce costs as well as consumer goods such as vegetables, fruits, meat, and fish, as well as raw materials.
. Increases the competitiveness of the country’s exports
The competitiveness of the exporting and importing companies will increase significantly because they work to increase the degree of competition, especially in exports of goods and services of other countries.
Development and development of the areas adjacent to the port
The importance of ports also lies in the surrounding areas and its oceans because it works to enhance and benefit from them in the first place, whether agricultural, industrial, commercial, or services.
It is a resource and source for obtaining the hard currency needed to finance development programs
How hard currency come to the country through import and export, through which you can finance and invest all the development programs in the country.
An outlet for the country’s foreign trade (exports and imports(
Ports are a link between countries, through which the state can supply and export in large quantities, as this is one of the most important things that can be built upon when a port is opened.
A state resource by collecting customs duties, royalties, and wages
Through ports, and exports, many of which, in return, are working to collect many returns, such as customs duties, freight, wages, and other returns.
Encouraging the establishment of some new industries and trade
Maritime ports work to encourage all industries so that they can export them to countries abroad and also works to open new businesses and projects.
Also read: Sea Ports Management