|GBPA PROMOTING TRANSPORTATION AND LOGISTICS|
|Thursday, 08 July 2010 00:00|
In its effort to implement initiatives under a new Economic Development Strategy, The Grand Bahama Port Authority, Limited (GBPA) remains proactive in its approach to marketing Grand Bahama Island as an alternative destination for light Manufacturing, Industrial Transport, and Logistics related businesses and or services.
To this end, GBPA Business Development team members recently participated in a Transport and Logistics Tradeshow and Conference in Shanghai, China, June 8 - 10, 2010.
"As demand increases globally for inexpensive Asian manufactured products, activity in the Transport and Logistics sector is beginning to heighten, with China's robust economy as the major driving force fueling production in the far east," stated Business Development Manager-GBPA, Derek Newbold. "It is with this in mind that GBPA is actively promoting Transportation, Distribution and Logistics as major opportunities in Grand Bahama. Located at the gateway to the Americas, Grand Bahama is the perfect location for the housing of goods and merchandise in transit from China bound for the Americas."
Grand Bahama was one of only 15 destinations participating in the show which took place at the Shanghai New International Expo Centre. Attracting some 13,500 trade visitors from 67 countries, the event gave attendees a comprehensive look at the entire process chain in the Transport and Logistics sector, while providing a perfect opportunity to establish contact with industry decision-makers. It also gave exhibitors and visitors access to the budding Chinese market.
According to Newbold, GBPA is actively pursuing such initiatives as part of its strategic plan which highlights industries, like Transport, Logistics and Supply Chain Management, which are best suited to take advantage of synergistic opportunities offered by Grand Bahama Island.
"Tax exemptions and other concessions coupled with our proximity to North, Central and South America help to establish Grand Bahama as an attractive destination for companies looking to expand into this region, better service their customer-base in the Americas, and potentially reduce costs," Newbold noted.
"After discussions with a number of executives attending the show, we can assert that interests in strategically located destinations, such as Grand Bahama, are extremely high in the Transportation and Logistics industry," Newbold stated. "We are making an assertive effort to take our product, the Island of Grand Bahama, to the global market."