The purpose of the MoU is to identify business opportunities, increase awareness of the ports, exchange information, and undertake joint marketing initiatives.
“Asian cargo is growing over the Port of Halifax and with the Panama Canal expansion nearing completion, large ships will soon have another route option available to and from North America and the Port of Halifax,” said Karen Oldfield, President & CEO, Halifax Port Authority.
“With Halifax’s transit time advantages for our Asian target markets, it makes sense for us to establish a strategic partnership with the Panama Canal Authority and this MOU will be mutually beneficial for both ports.”
“The MoU with Halifax reinforces the importance of the ‘All-Water Route’ through the Panama Canal,” said Panama Canal Authority (ACP) Administrator Jorge Quijano. “This agreement will enable us to fully cooperate and work together for continued trade between Asia and the East Coast of Canada.”