Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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Sharjah’s Department of Seaports & Customs and Canaveral Port Authority of Florida in the USA have signed a ‘Sister Ports’ agreement, which will underpin a variety of cooperation and collaboration initiatives including trade and investment development activities between the two authorities. The agreement was signed at a meeting hosted by Sharjah-headquartered international port operator Gulftainer in the Sharjah Chamber of Commerce and Industry.
Port Canaveral is a cruise, cargo and naval port located on the east coast of Central Florida, serving the larger Central Florida Metropolitan Area. The new Canaveral Cargo Terminal , operated by Gulftainer, opened in July 2015 with a capacity of 200,000 TEUs (twenty-foot equivalent units).
Sharjah’s Department of Seaports & Customs is responsible for all customs centres in the emirate including Port Khaled port, Hamriyah port in Sharjah city, Khorfakkan port on the emirate’s east coast, Sharjah International Airport customs and other freezones and cargo depots. Gulftainer manages Sharjah Container Terminal on Port Khaled, Khorfakkan Container Terminal and Sharjah Inland Container depot on the Dubai-Sharjah border. Sharjah’s Khorfakkan Port was recently ranked in the top ten most productive ports in the world, according to the 2014 JOC Port Productivity report.
The ‘Joint Declaration of Collaboration and Cooperation’ agreement signed by the Sharjah and Canaveral port authorities paves the way for a better understanding between the two hubs for the development of economic resources, international trade and logistics, in addition to exploring trade and investment development opportunities.
The United Arab Emirates is the USA’s largest trading partner in the Middle East region, with bilateral trade exceeding more than US$ 24 billion (AED 88b) in 2014. Trade between the two nations has grown more than 80 percent since 2009, making the UAE one of the USA’s fastest growing trade partners in the world. The UAE has direct trade relations with every state in the USA, as well as the District of Columbia, Puerto Rico, and the Virgin Islands.
Source: Gulftainer
