Puerto Rico seeks alliance with Panama
Panama's fortunate geographic location has piqued the interest of Puerto Rico, which is interested in local ports.
Monday, June 23, 2008
Fernando Bonilla, Secretary of State and executive director of the Port Authority of Puerto Rico, said the situation is ideal for an alliance between the two entities to develop business for merchandise moving throughout the Caribbean region.
The Panama Maritime Chamber, in order to promote trade ties, has signed a cooperation agreement with the Port Authority of Melilla in Spain.
The signed amendment will allow a wider participation of governments in different projects.
While Obama's visit was mainly symbolic and dealt with long-term issues, the visit by Xi Jinping focussed on specific projects such as the $400 million for the route to Limon.
The agreement is looking to expand the FTA between the two countries, widening the relationship in the political and cooperation fields.
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