Florida Senate Passes Resolution in Support of Trade Partnerships
By: Alice Ancona
In a move to signal Florida’s support of increased trade with Europe, the Florida Senate has passed a resolution that will support the Transatlantic Trade and Investment Partnership (T-TIP), a valuable trade agreement between the United States and European Union.
SB 1776, sponsored by Senator Garrett Richter (R-Naples), supports the negotiations, which if successful, will create the world’s largest free trade zone, accounting for 60 percent of global production.
Free Trade Agreements (FTA) have been a positive force for economic development and Florida has much to gain from these negotiations. In fact, 17 percent of Florida’s economy is dependent on free trade.
We commend Sen. Richter and the Florida Senate for their commitment to making Florida a leader in global trade. The Florida Chamber will continue to keep you up-to-date with the latest news on trade negotiations and opportunities for Florida companies to expand their business abroad.