{"id":7526,"date":"2003-06-06T06:55:18","date_gmt":"2003-06-06T06:55:18","guid":{"rendered":"https:\/\/pancanal.com\/en\/?p=7526"},"modified":"2021-09-11T05:56:59","modified_gmt":"2021-09-11T05:56:59","slug":"panama-canal-establishes-strategic-alliances-with-u-s-east-coast-ports","status":"publish","type":"post","link":"https:\/\/pancanal.com\/en\/panama-canal-establishes-strategic-alliances-with-u-s-east-coast-ports\/","title":{"rendered":"Panama Canal Establishes Strategic Alliances with U.S. East Coast Ports"},"content":{"rendered":"

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Goal to Boost Trade between Asia and East Coast through the Panama Canal<\/i>
\n“All-Water Route” is most Safe, Reliable and Economical Link to Bring Asian Goods to U.S. Consumers<\/b><\/p>\n

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PANAMA CITY, Panama – June 17, 2003 –\u00a0<\/b>With more than 60 percent of Panama Canal traffic originating from or traveling to the East Coast of the United States, the Panama Canal Authority (ACP) today announced an historic move by partnering with several U.S. East and Gulf Coast ports to boost trade. Beginning with the Port of New York & New Jersey, the Panama Canal Authority will be signing Memorandums of Understanding (MOU) with a total of seven major U.S. ports over the next several weeks. These partnerships will increase cooperation – such as joint marketing – between the Panama Canal and the ports and will seek to boost trade along the All-Water Route, the route from Asia to America’s East Coast via the Panama Canal.<\/p>\n

Panama Canal Authority executives will travel to the seven ports in June and July to codify the MOUs. The ACP is partnering with the port authorities in: New York\/New Jersey; Norfolk, Virginia; Savannah, Georgia; Charleston, South Carolina; New Orleans, Louisiana; and Houston, Texas. The signings are an example of all parties’ desire to work together to promote economic development, generate jobs and increase trade.<\/p>\n

“Having recently shifted our model to run the Canal as a business, these partnerships with the ports are an example of the ACP’s aggressive strategy to improve services for our customers, generate economic development in port areas and increase trade along the All-Water Route,” said Canal Administrator Alberto Alem\u00e1n Zubieta. “There will be real, tangible benefits from these agreements – a win-win for our customers, the ports and the Canal. The joint marketing, exchange of ideas and shared modernization projects demonstrate that we will execute solutions for the long-term growth needs of the shipping community and international trade,” Alem\u00e1n concluded.<\/p>\n

Specifically, the parties involved may conduct the following activities:<\/p>\n

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