MOU signed for establishing alliance between Ports

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A Memorandum of Understanding was signed by the Port of Los Angeles with the ports of Auckland, New Zealand and Guangzhou, China. Sponsored by Los Angeles Mayor Eric Garcetti and the City of Los Angeles, the MOU was signed at a Tripartite Ports Summit. The Tripartite Ports Alliance, represents a new level of cooperation between the three port authorities. In November 2014, the three ports were initially committed to work together, which established the alliance.

The MOU provides a platform for growing trilateral cooperation to :foster trade, innovate, and to increase the investment opportunity between the sectors in these 3 cities. The three cities are referred as the sister cities as they share a similar economic goals.

Objectives of MOU include :

  • Sharing of best practices and expertise
  • Strengthen communication and collaboration on :
  1. Investments
  2. Technologies
  3. Environmental policies
  • Working together to enhance capability of each port to boost their respective regional economies.

Ambassador Vilma Martinez, Los Angeles Harbor Commission President said, “We commend Mayor Garcetti’s leadership and foresight in helping to form this alliance during his trade mission to Asia last year. The Port of Los Angeles looks forward to collaborating with the ports of Auckland and Guangzhou on a series of initiatives, including promoting commercial and business opportunities as well as sharing innovative best practices.”

The summit is the first out of 3 in the alliance, held in Los Angeles. The focus was on business to business matchmaking for key sectors, including transportation, infrastructure development and design, retail and consumer products, biomedical technology, among other sectors.

Mayor Chen Jianhua of Guangzhou and Mayor Len Brown of Auckland have brought leading high-level government and business delegations to the event.

Port of Los Angeles :

  • Develops innovative and strategic and sustainable operations benefitting Southern California for better economy.
  • Facilitated $ 290 billion in trade in 2014.
  • Facilitates more than 1,48,000 jobs in the city of Los Angeles and 5,31,000 jobs in five – county Southern California region.
  • Supports more than one million jobs in California and 3.1 million nationwide.

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