The agreement focuses on promoting new ocean services and new business between TMSA and the Port of Virginia. It covers the exchange of information and expertise between the two ports in the fields of infrastructure, maritime transportation and international trade. Further, it establishes a system of communication in an effort to improve the services that link the ports.
According to Jerry A. Bridges, the VPA’s executive director, the MoU will contribute to an increase in business between Morocco and the United States, particularly as a result of the Free Trade Agreement signed between the two countries that took effect in January 2006.
“Any time we can build a relationship or open dialogue we will, and this is a very good beginning. This is a growing port facility on the important and rapidly growing Suez trade lane. We want to develop key alliances with major players along the Suez route as we are the port on the US East Coast that is most likely to benefit from development of that trade, because of our deep water,” said Bridges.