{"id":2891,"date":"2011-07-21T14:01:30","date_gmt":"2011-07-21T19:01:30","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=2891"},"modified":"2011-07-22T08:07:03","modified_gmt":"2011-07-22T13:07:03","slug":"miami-and-panama-canal-expansion-part-i-of-ii","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/miami-and-panama-canal-expansion-part-i-of-ii\/","title":{"rendered":"Miami and Panama Canal Expansion Part I of II"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Miami-Dade County delegates meet with Panama chamber of commerce<\/p>\n

My friend and fellow commercial real estate broker\u00a0in Miami Ed Redlich visited Panama last month.\u00a0 He reported back on the implications of the Panama Canal Expansion and trade with the US that will impact Miami (especially if they ever ratify the frickin’ Free Trade Agreement!)\u00a0 One of the things that interests me the most and something that will impact business here in Chiriqui is\u00a0the ability to ship some of our best produce to Miami.<\/p>\n

Ed\u00a0reported that several of the delegates of the trade mission that he was on already have business operations in both Miami and Panama.\u00a0\u00a0He noted that\u00a0“It was especially exciting to learn about Panama\u2019s commitment to several targeted industries including food production and agriculture; the transportation of such foods via the supply chain logistics and ultimately the exporting of such foods, produce, vegetables, fruits, coffee, seafood, meats, flowers and other perishables”.<\/p>\n

Read his post here<\/a><\/p>\n

As a follow up there was this article in the Miami Daily Business Review.<\/p>\n

“Solid business conditions in international trade seem likely to persist in South Florida for the rest of the year and perhaps into 2012.<\/p>\n

In Miami-Dade County, the state’s center of international trade, the value of imported and exported freight is showing steady growth.<\/p>\n

The combined value of exports and imports at Miami International Airport and the Port of Miami grew to $20 billion in the first quarter, up 1.1 percent from the previous quarter.<\/p>\n

Last year the comparable sums were $19.8 billion in the fourth quarter, $18.6 billion in the third quarter and $17.6 billion in the second quarter, the Miami-Dade Office of Economic Development & International Trade reported.<\/p>\n

The annual dollar volume of imports and exports in the U.S. Customs and Border Protection district that encompasses Miami-Dade, Broward and Palm Beach counties could top $100 billion this year for the first time.<\/p>\n

Commercial lender Anita Aedo is among the South Florida professionals whose companies plan to capitalize on increased trade.<\/p>\n

“Mexico produces a lot of everything, so we have some very key customers in Mexico. That’s a market we focus on and plan to expand in,” said Aedo, managing director of ExpoCredit, a factoring firm in Miami that provides trade finance by purchasing receivables at a discount.<\/p>\n

Economic growth in Latin America and the Caribbean is one of driving forces behind cargo traffic at South Florida airports and seaports. The United Nations’ Economic Commission for Latin America and the Caribbean, or ECLAC, forecast that region’s combined economic growth will be 4.7 percent in 2011 and 4.1 percent in 2012.<\/p>\n

“From the Florida perspective, we’re seeing an excellent export environment,” said Manny Mencia, senior vice president, international trade and business development, at statewide economic development agency Enterprise Florida. “You have a weak dollar combined with high demand and high growth in traditional markets in the Western Hemisphere.”<\/p>\n

But economic weak spots in the Western Hemisphere could slow the pace of trade. Higher prices for oil, copper and other commodities have benefited most South American countries, ECLAC reported, but in Central America and most Caribbean countries, “the opposite effect is observed because of their position as net importers of commodities.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Miami-Dade County delegates meet with Panama chamber of commerce My friend and fellow commercial real estate broker\u00a0in Miami<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[82,62,21,42,16,29,18,22,19,14,11,6,105,20,51,31,7,15,44,17],"class_list":["post-2891","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-coffee","tag-coffee-in-panama","tag-energy","tag-estate-homes-in-panama","tag-estate-planning","tag-exchange-property-in-panama","tag-foundations","tag-hydro-electric","tag-investments-in-panama","tag-legal-issues","tag-offshore-real-estate","tag-panama","tag-panama-canal","tag-panama-economics","tag-panama-hotels","tag-panama-property-exchange","tag-panama-real-estate","tag-tax-issues","tag-travel-to-panama","tag-trusts"],"yoast_head":"\nMiami and Panama Canal 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