Cargo Business Newswire

Wednesday, June 17, 2015

Port of L.A. signs agreement with Guangzhou and Auckland ports

The Port of Los Angeles has signed a memorandum of understanding with the ports of Auckland, New Zealand, and Guangzhou, China. The MOU establishes the Tripartite Ports Alliance, which ushers in a new level of cooperation between the three ports that started working together in November of 2014.

"We commend Mayor Garcetti’s leadership and foresight in helping to form this alliance during his trade mission to Asia last year," said Ambassador Vilma Martinez, Los Angeles Harbor Commission president. "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."

Los Angeles, Guangzhou and Auckland are sister cities and strategic trading partners that share similar economic goals. The newly formed alliance includes boosting cooperation to foster trade, innovation and investment opportunities between the public and private sectors of the three regions, according to a POLA statement.

The port said the objectives of the tripartite agreement include sharing best practices and expertise; improving communication and collaboration on investments, technologies and environmental policies; and collaborating to improve capabilities of each port in order to boost their respective regional economies.