Why is suez canal considered to be one of the most Important waterway in the world

Dear Student

Suez canal is considered to be one of the most Important waterway in the world as Suez canal has shortened the distance between East and West and has saved the time of vessels crossing this canal for the maritime trade and transport.  
As majority of the world's goods are transported via sea, the Suez Canal greatly reduces the time and cost of transporting goods.
Suez canal is important to the European and Asian countries because it reduced the distance by 7000 km, which improved trade and transportation between the both. 

Regards

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