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For Immediate Release:
October 26, 2011

Media Contact:
Andria C. Muñiz

Port of Miami and the Panama Canal Authority to Sign Agreement Aimed at Expanding Trade

Tomorrow, Thursday, October 27, at 3:00 p.m., the Port of Miami and the Panama Canal Authority will sign a Memorandum of Understanding between the two entities at the Port of Miami, Cruise Terminal D.

The Memo of Understanding will promote new business growth via the all water route between Asia and North America's East Coast via the expanded Panama Canal.

The Administrator of the Panama Canal Authority and the Director of the Port of Miami will briefly discuss the importance of the recently passed Panama Free Trade Agreement as well as how the Port's Deep Dredge and the expansion of the Panama Canal will promote growth in both Panama and Florida. 

In 2014, the Port of Miami will be one of only three East Coast Ports at -50 feet and able to accommodate the new larger cargo vessels that will pass through the expanded Panama Canal.

"We look forward to strengthening our relationship with Panama, an important trading partner that provides strong growth potential for the Port of Miami. One hundred years ago, the U.S. and Panama altered the course of world trade through shared vision and investment. It's about to happen again! ", said Port Director Bill Johnson

Participants will include Alberto Aleman Zubieta, Administrator of the Panama Canal, Miami-Dade County Commissioner Rebeca Sosa, who chairs the County Commission's Economic Development and Social Services Committee that oversees the Port; County Commissioner Bruno Barreiro, whose district includes the Port; local dignitaries; members of the Panamanian American community; as well as local and international press. 

About the Port of Miami
The Port of Miami is among America's busiest ports and recognized across the globe with the dual distinction of being the Cruise Capital of the World and the Cargo Gateway of the Americas. The Port contributes more than $18 billion annually to the South Florida economy and helps provide direct and indirect employment for more than 180,000.


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