The two authorities will work together on marketing, exchanging information, market studies, expansion plans, training and technology, says the ACP.
The alliance will also promote the "all-water route" from Asia to the East Coast of the United States through the canal.
"The alliance is based on our common mission of providing the best service possible to our customers and to contribute to the growth of trade in our respective communities and in the industry," said ACP administrator Alberto Alemán Zubieta.
The original alliance agreement was signed in 2003.
The Panama Canal Authority and the American Port of Virginia have ratified an agreement to share information and to promote the "all-water" route from Asia to the east coast of the United States.
The strategic alliance of mutual cooperation was renewed with the signatures of the Panama Canal Authority, Alberto Alemán Zubieta, and the executive director of the Virginia Port Authority, Jerry Bridges.
The agreement between the Port of Corpus Christi and the Panama Canal reaffirms the importance of the extended waterway for the ports in the Eastern U.S and the Gulf.
A statement from the Panama Canal Authority (ACP) reads:
Panama City, September 14, 2011. -
With the signing of an agreement with the Port of Corpus Christi, Texas, the Panama Canal has reaffirmed the importance that the country has for the ports on the East Coast and U.S. Gulf as a result of the expansion of the waterway.
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