Florida and Mexican ports sign agreement to promote trade

Florida Ports Council (FPC) has entered into a letter of intent (LOI) with Mexico’s Coordination of Ports and Merchant Marine to maintain relations and promote international commerce and economic development.

Mexico is the second largest trading partner of Florida and trade between the pair reached US$10.8bn last year. This was an 8.3% increase over 2017 in exports alone according to the US Department of Commerce.

Doug Wheeler, president and CEO of the FPC, said: “While Mexico has been one of Florida’s strongest trading partners for years, there are real opportunities currently for growth in bilateral waterborne trade, and our partners in Mexico are enthusiastic about exploring the benefits and solutions all-water routes can provide.”