The United States and Panama Signed Agreement to Strengthen Maritime Transport

The administrator of the Panama Maritime Authority, Jorge Barakat, and the Administrator of the United States Maritime Administration, Mark H. Buzby, signed a cooperation agreement in Washington D.C.

September 17th 2018 –The Administrator of the United States Maritime Administration, Mark H. Buzby, and the administrator of the Panama Maritime Authority, Jorge Barakat, signed in Washington D.C. a Memorandum of Cooperation (MOC) on maritime transport, an area vital to both economies.

The agreement between the United States and Panama confirms our strong partnership on maritime issues and focuses our efforts on creating favorable conditions for investment. This MOC facilitates knowledge, skills and information exchange, especially in relation to policies and training. It also encourages the private-sector cooperation and engagement. Our two countries will continue to focus on safe, efficient, sustainable and secure management, critical components to draw investment to maritime transport.

The agreement includes topics such as regulation and public policies, and port infrastructure development and support services.

Its main objective is to contribute to the development of international shipping on the basis that maritime transport strengthens foreign trade and promotes economic growth.

To access the Memorandum of Cooperation visit: MOC Maritime Transport (1 MB)