Panama is the Brazilian grain bridge to Asian markets

Panama is the Brazilian grain bridge to Asian markets

The agreement allows the coordination of joint market activities, exchange of market studies and information on commercial flows, as well as modernization and improvement programs.

The Panama Canal signed a memorandum of understanding in the city of Cuiabá, Brazil with the Mato Grosso Association of Soybean and Maize Producers (Aprosoja) to promote the use of the interoceanic highway for the transit of grains (soybeans and corn) from the north of Brazil to markets in Asia.

The agreement allows the coordination of joint marketing activities, exchange of market studies and information on commercial flows, as well as modernization and improvement programs.

 

By Panama America

"The increase in capacity provided by the expansion of the Canal has allowed us to access new markets, which could include freight from ports in northern Brazil," said the administrator of the Panama Canal, Jorge Luis Quijano.

With the signing of this agreement is to promote the use of the Panama Canal, specifically the panamax locks for transit of grains, mainly soybeans and corn from northern Brazil to markets in Asia that are carried on ships Panamax; given the similarity in the draft of the ports of the Amazon River and these locks.

Quijano added that "we continually look for innovative ways to meet the ever-changing needs of world trade and the agreement signed with the Association of Soybean and Corn Mato Grosso further strengthens the common goal of promoting trade growth in the region."

 The agreement was signed by the president of Aprosoja, Antônio Galvan and the administrator of the Panama Canal, Jorge Luis Quijano.

 Founded in February 2005, Aprosoja is a nonprofit organization established by rural producers linked to soybean and corn of Mato Grosso developing actions and projects aimed at sustainable growth of the productive chain of these grains.

The Panama Canal has signed memoranda of understanding with 36 commercial associations, ports and maritime organizations mainly from the United States. Brazil's would be the first of them with a Latin American country.