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Port Everglades and the Port Authority of the Dominican Republic sign ACM

The Department of Port Everglades of Broward County and the Port Authority of the Dominican Republic signed a Mutual Cooperation Agreement (ACM) as part of a collective agreement of Brotherhood of Maritime Ports.

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Port Everglades and the Port Authority of the Dominican Republic sign ACM
Port Everglades and the Port Authority of the Dominican Republic sign ACM. Image: Flickr/ Bruce Harlick

The Department of Port Everglades of Broward County and the Port Authority of the Dominican Republic signed a Mutual Cooperation Agreement (ACM) as part of a collective agreement of Brotherhood of Maritime Ports ( Sister Seaports , in English ).

As the largest trading partner of Port Everglades in 2018, the Port Authority of the Dominican Republic has agreed to hold an MCA to encourage bilateral trade. The commercial exchange between Port Everglades and the Dominican Republic grew by 6.11 percent in 2018, according to the World City’s 2019 Port Everglades Trade Numbers . Five years ago, the Dominican Republic was ranked as the 5th largest trading partner for Port Everglades, but since then it has remained in the number one position for four consecutive years.

“The promotion of international trade is a priority for our Port and Broward County, to generate economic prosperity in our region,” said Broward County Mayor Dale VC Holness, who signed the ACM document along with the Executive Director and Port Director Glenn Wiltshire, on behalf of Port Everglades. “The commercial exchange of our Port with the Dominican Republic, counting only the year 2018, reached a record of $ 2.69 billion.”

Both parties wish to establish a cooperation alliance aimed at facilitating international trade and generating new business, promoting maritime trade routes between the two countries. The ACM delineates common initiatives, including marketing activities and market research, training, and distribution of information on technology, modernization and progress.

“We consider this ACM as transcendental and historical since it is the first time that this institution has signed an agreement with any port in the US,” said Victor Gómez Casanova, Executive Director of the Port Authority of the Dominican Republic. “We will take joint actions immediately to continue strengthening our relations with Port Everglades and Broward County and therefore increase trade between us.” The ACM was signed by Lic. Aníbal Piña, Deputy Director, on behalf of Lic. Gómez, and attested by the Consul General of the Dominican Republic in Miami, Lic. Miguel Ángel Rodríguez.

“The Dominican Republic is an important business partner for Port Everglades and the nation,” said Wiltshire. “Port Everglades was ranked number two among all seaports, airports and border crossings for the United States’ trade with the Dominican Republic.”

The main line of import of Port Everglades from the Dominican Republic, with the highest growth of 73 percent in 2018, was that of materials and electrical appliances, especially panels and electrical switches for the automobile industry being the basic product Ranked as number one.

The main export product of Port Everglades to the Dominican Republic was cotton yarn for the textile industry. Port Everglades was also ranked number one nationwide for cotton yarn exports, accounting for almost 36 percent of the nation’s total.

During Fiscal Year 2019 (October 1, 2018 through September 30, 2019), Port Everglades processed 52,027 TEUs (a maritime measurement standard consisting of units equivalent to 20 feet) in commercial exchange with the Dominican Republic.

The main import products included clothing, electrical machinery, medical instruments, plastics, fruits, cosmetics, cotton, iron and steel. The main export products included clothing, cotton, machinery, cars, plastics, medical instruments and textiles.

Under the terms of the agreement, both parties can also carry out business initiatives related to the cruise industry. Port Everglades is the third busiest cruise port in the world.

And the Dominican Republic has recently added a new cruise port, for a total of five cruise ports in the country including the popular Amber Cove. The Dominican Republic is the second largest nation in the Caribbean in area, and the third in population.

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China’s trade with Bulgaria up 5.1 pct in 2019

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China's trade with Bulgaria up 5.1 pct in 2019. Image: Pixabay
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China’s trade with Bulgaria grew by 5.1 percent year on year in 2019 to 2.72 billion U.S. dollars, said an official with the Ministry of Commerce.

Since the establishment of the China-Central and Eastern European Countries cooperation mechanism in 2012, China and Bulgaria have made positive progress in cooperation in trade, investment, agriculture, infrastructure and other fields, said Yu Jianhua, vice commerce minister and deputy China international trade representative, at the China-Bulgaria Business Forum.

So far, China’s investment in the country has amounted to 740 million U.S. dollars.

China is willing to work with Bulgaria to tap the huge potential of the Belt and Road and advance bilateral economic and trade cooperation to a higher level, Yu said.

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Guangdong’s trade with Belt & Road countries up 4.7 pct in 2019

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Guangdong's trade with Belt & Road countries up 4.7 pct in 2019. Image: Wikimedia/ ma luyao
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South China’s Guangdong Province witnessed a 4.7-percent increase in its trade with Belt and Road countries in 2019.

According to the government report delivered at the annual provincial legislative session, the China-Europe freight trains departing from Guangdong saw their annual cargo volume increase by 31.2 percent year on year in 2019.

The province also had five new friendship cities, and its friendship city network covered major countries along the Belt and Road by the end of last year.

According to the report, the province will continue to support its enterprises in participating in infrastructure projects and energy development in Belt and Road countries, and develop more businesses and transport modes for the China-Europe freight trains in 2020.

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Whistl to offer semi tracked import service from 220 countries

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Whistl to offer semi tracked import service from 220 countries. Image: Geograph/ Mark Anderson
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Whistl and One World Express have joined forces to offer eCommerce importers into the UK a tracked postal service, Insight, from 220 countries worldwide.

Under the agreement, eCommerce importers will be able to print one label for an individual item in the country of origin and track it through the various transit stages, including customs clearance. When Whistl receive the item in the UK it will be processed in the network and handed to Royal Mail for delivery to the end consumer.

Established in 1998, the then One World Express Group (OWE) started as a UK-based cross-border express carrier. Today, it has become a data-driven IT platform currently managing 10.000+ tariffs on behalf of its clients to destinations worldwide. In 2016 OWE started to extend its integration library, integrating with marketplaces like Amazon, eBay and Lazada and also various eCommerce platforms such as Magento, allowing its customers to manage orders from all their sales channels using a one-stop-solution through their technology platform “Smarttrack”.

Nick Wells, CEO Whistl, said:
“With the unprecedented expansion of the eCommerce industry globally and the rise of imports into the UK, consumers are looking for greater transparency on the delivery journey from country of origin to their home. Whistl is delighted that we will be working with One World Express to enable eCommerce importers from 220 countries to semi track every item they import into the UK before handover to Royal Mail via Insight.”

Atul Bhakta, CEO One World Express Group, said:
“By collaborating with the leading delivery management company in the UK, global customers who are importing into the UK, now have access to the experts who understand the importance of the customer experience from origin to handover to the consumer. We look forward to building our Insight relationship together.”

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