The Panama Canal Authority (ACP) announced on Tuesday that it has extended its partnership with the Georgia Ports Authority (GPA) for an extra three years, in order to stimulate increased collaboration and promote trade.
The ACP first signed a Memorandum of Understanding with the GPA in June 2003, with the aim of establishing strong ties between the two entities and providing economic benefits to both regions.
Areas of cooperation between the ACP and the GPA include, among others, joint marketing efforts, exchange of data, market studies, expansion plans, training and technology.
In 2007, the Port of Savannah imported and exported more than 13,949,667 tons of cargo via the Panama Canal, underscoring the significance of this partnership and the role both entities play in global trade and commerce. Through the continued partnership, both the ACP and the GPA can benefit from ongoing growth in Panama Canal traffic.
"The Canal's renewed alliance with the GPA is a strong indicator of our commitment to the maritime industry and our customers," explained ACP Administrator/CEO Alberto Alemán Zubieta, going on to add:
"Through information sharing and collaboration, we will continue to maximize our resources to remain on the pulse of maritime innovation and enhance our services. This partnership is an important link for future growth, opening doors for new business opportunities and providing sustainable economic solutions for Panama and Georgia."
GPA's Executive Director, Doug J. Marchand added that: "This renewed strategic alliance will allow GPA and the Panama Canal Authority to continue to improve services for our customers and generate new economic opportunities for Georgia and the Southeastern United States."
This is the ACP's second MoU extension this month, as just over a week ago it announced the continuation of a strategic alliance with the Port of Houston Authority (PHA), through a three-year renewal of the Memorandum of Understanding in place between the two bodies.
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