International Trade Essential to Florida’s Economy

 

Washington, D. C. Fly-In   Learn More About International Trade

 

As Congress and President Donald Trump’s administration consider the future of trade, the Florida Chamber of Commerce encourages leaders to consider the important role trade plays in Florida’s economy.

From its discovery, Florida has been global. Much of what made Florida a destination and gateway in Florida’s early years, still holds true today. Florida’s current and future economy is tied to its ability to be a successful hub for international trade investment.

Florida’s geography, diversity and international linkages, combined with our state-of-the-art infrastructure, trade support networks, knowledge-based innovation ecosystem and highly skilled workforce, are assets that make Florida ripe for trade.

Today, if Florida were a country, it would be the 16th largest in the world by gross domestic product. Free and fair trade is essential to Florida’s global competitiveness, and policies that enhance competition in the global marketplace, reduce or eliminate trade and investment barriers will further grow Florida jobs.

In the coming days, a delegation of members from the Florida Chamber of Commerce will travel to Washington, D.C. to encourage Florida’s Congressional Delegation to support Florida job creators, and to work to ensure that trade continues to benefit the U.S. and Floridians.

With one out of four jobs in Florida tied to international trade, these will be important conversations and go a long way to helping secure Florida’s future.

Florida Chamber Embarks on Trade Mission to South Korea and Taiwan

Goal is to Enhance Trade Between Florida and These Important Trading Partners

TALLAHASSEE, FL (April 18, 2016) – To strengthen Florida’s competitive edge in the global economy, the Florida Chamber of Commerce this week is participating in an economic trade mission to South Korea and Taiwan – meeting with international leaders to continue growing trade between Florida and these important trading partners.

While there, David Hart, Executive Vice President for the Florida Chamber, will address dignitaries and business leaders and showcase the Florida marketplace. The trade mission is being led by Enterprise Florida, Inc.

According to Alice Ancona, Director of Global Outreach for the Florida Chamber of Commerce, global trade is big business in Florida. That’s because 95 percent of the world’s consumers, who also hold 80 percent of the global purchasing power, are outside the United States.

“International trade allows Florida companies to reach these consumers and helps our state create jobs and economic opportunity, and remain the global hub for trade and logistics. By joining Enterprise Florida on this Export Development Trade Mission, we are able to share why international matters to Florida,” Ancona said.

The Florida Chamber has remained committed to ensuring Free Trade Agreements (FTA) are in place to help create greater economic opportunities, that includes lobbying in Washington, D.C. for the Korea-U.S. FTA of 2012. Currently, Florida exports more than $702 million in commodities to South Korea, and imports $1.9 billion. Florida also enjoys a unique trade relationship with Taiwan that includes exporting $238 million in commodities.

“Building relationships in emerging and growing global economies is an essential tool for Florida to remain competitive,” said Jim Pyburn, Director of Business Development for Port Everglades. “Here in South Korea and Taiwan, we are getting a hands-on look at just how beneficial these relationships can be.”

Florida’s record investments in transportation and infrastructure make it the ideal place to leverage and grow trade and logistics opportunities. Consider the following:

Florida’s freight system moves 740 million tons of freight annually, including international imports and exports, domestic movements to and from other states, and internal shipments within Florida,
Air Cargo generates 36 percent of Florida’s international trade dollars,
Miami International Airport is number one in the U.S. for international freight, and
Four of Florida’s ports are considered the fastest growing in the U.S.: Miami, Palm Beach, Everglades and JAXPORT.

“International Trade is critical to Florida’s global economy, and our freight infrastructure is a key asset in attracting that trade to our state,” said Doug Wheeler, President and CEO of the Florida Ports Council. “Current investments in upgrades and expansions for our state’s ports and freight corridors will ensure that Florida exports can quickly and efficiently get to countries around the world like South Korea and Taiwan.”

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The Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations, aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.

Pushing Back Against Overreaching Federal Regulations

Florida Chamber Holds Washington, D.C. ‘Fly-In’ to Meet With Lawmakers/Federal Officials

With job creators facing a tidal wave of overreaching federal regulations, the Florida Chamber of Commerce this week is leading a delegation of board members on a “Washington, D.C. Fly-In,” meeting with members of Florida’s Congressional delegation – urging their support of job creators and pushing back against burdensome regulations.

Overreaching federal regulations is the number one concern of Florida Chamber members and partners, according to its latest Florida Business Agenda survey.

“Florida companies are increasingly concerned about the tsunami of federal regulations headed their way,” said David Hart, Executive Vice President of the Florida Chamber. “The Florida Chamber’s Washington, D.C. Fly-In allows our members and partners to serve as citizen lobbyist, side-by-side with our professional advocacy team, to further strengthen the voice of Florida’s business community and to say enough is enough when it comes to overreaching federal regulations.”

 

In recent weeks, the Florida Chamber has officially opposed numerous overreaching federal regulations, including:

  • EPA’s Waters of the U. S. Rule
  • EPA’s Ozone Regulations Rule
  • EPA’s Clean Power Plan Rule
  • Department of Labor’s Overtime Rule

The Florida Chamber’s Washington, D.C. Fly-In includes meetings with:

  • Congresswoman Corrine Brown
  • Congressman Vern Buchanan
  • Congressman Carlos Curbelo
  • Congressman Mario Diaz-Balart
  • Congressman David Jolly
  • Congresswoman Ileana Ros Lehtinen
  • Congressman Daniel Webster
  • U.S. Chamber of Commerce
  • U.S. Department of Agriculture

During the two-days of meetings, the Florida Chamber team also discussed:

  • Reauthorizing Ex-Im Bank
  • Transportation reauthorization (related to surface transportation)
  • International trade

Spearheading this Florida Chamber advocacy opportunity are Alice Ancona, Director of Global Outreach, and Drew Preston, Chief of Staff & Vice President, Office of the President.

 

European Nations Lead Investments in Florida’s Global Economy

FOR IMMEDIATE RELEASE
CONTACT: Edie Ousley, 850-521-1231 or 850-251-6261
eousley@flchamber.com

Companies from Europe Account for 67% of all Florida
Foreign Employment and 17% of Florida Origin Exports

TALLAHASSEE, FL. (May 27, 2015) – European countries are the leaders among foreign investors, with majority foreign-owned companies from Europe accounting for 67 percent of all Foreign Direct Investment (FDI) employment in Florida, the Florida Chamber of Commerce announced today.

“Florida’s leading European investors include the UK, Germany, France, Switzerland and the Netherlands. Europe presents unique strategic, trade and export opportunities for Florida,” said Alice Ancona, Director of Global Outreach for the Florida Chamber of Commerce.  “Currently, 17 percent of all Florida origin exports go to Europe, a market of over 500 million consumers. The U.S. and Europe represent half of the world’s economic production. Opening markets and creating jobs for Florida families are why trade is important to Florida.”

Florida visitors from Europe also help strengthen Florida’s economy and create jobs. In fact, every 85 visitors that come to Florida help create one new Florida job. Out of the top international countries for visitation to Florida, the UK ranked third, behind Canada and Brazil, with 1.6 million visitors in 2014.

The impact of international trade to Florida’s economy cannot be denied.

  • International business and foreign direct investment accounts for approximately 17 percent of Florida’s economic activity, and
  • Directly supports more than 1 million Florida jobs.
  • Florida is the seventh largest exporter of state-origin products with Florida-origin exports totaling more than $58.6 billion and exports from Florida supporting 275,221 U.S. jobs in 2013.

But Florida’s business leaders know that Florida must continue to work hard to remain the leader in international initiatives.

“Florida has come a long way in building international economic development efforts, but our work is far from over,” said Doug Davidson, Market Executive of Global Commercial Banking at Bank of America Merrill Lynch. “At Bank of America, we support the Florida Chamber Foundation’s research in trade and logistics because we know that Florida’s future lies in being globally competitive.”

The Florida Chamber’s Global Florida Program’s mission is to educate and promote business opportunities, collaborate and advance policy initiatives in each of the four major geographic regions:  Americas, Asia Pacific, Europe and Middle East/Africa. Agriculture Commissioner Adam Putnam recently sponsored the Florida World Trade Month resolution, which was signed by Governor Scott, Attorney General Pam Bondi and CFO Jeff Atwater.

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The Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations, aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.

Global Markets Create New Opportunities for Florida’s Economy

FOR IMMEDIATE RELEASE
CONTACT: Edie Ousley, 850-521-1231 or 850-251-6261
eousley@flchamber.com

Trade with Asia Pacific, Middle East/Africa
Accounts for 19 Percent of Florida-Origin Exports

TALLAHASSEE, FL. (May 20, 2015) – Emerging markets in Asia-Pacific and Middle East/Africa provide Florida with incredible opportunity, with 19 percent of Florida origin exports shipped to these regions, the Florida Chamber of Commerce announced today.

“Florida is the gateway to international trade and our state is in a position where we can really take advantage of strong international relationships,” said John Walsh, CEO and Port Director of Canaveral Port Authority. “Emerging economies such as those in Asia, the Middle East and Africa really provide a unique opportunity for Florida to lead the nation in trade and logistics, manufacturing and more. At Port Canaveral, our ability to use highway, rail and air resources for distribution and logistics helps keep Florida a leader in international trade and logistics efforts.”

It’s these resources that allow Florida to take advantage of the opportunities emerging markets represent. Middle Eastern and North African economies (known as the MENA region) are one of the largest emerging market economic blocs. In fact, the International Monetary Fund (IMF) forecasts that it will be the third fastest-growing region in the world over the next five years. The MENA region has one of the youngest populations in the world, helping to create a vibrant and energetic start-up culture. In Africa, this younger generation is also better educated and ready to meet the demands of global business.

The Middle East will be one of the world’s fastest growing aviation markets during the next 20 years with an extra 237 million passengers flying to, from and within the region. A report from the International Air Transport Association (IATA) predicts the UAE aviation market will lead the region with average annual growth of 5.6 percent.

The impact of international trade to Florida’s economy cannot be denied.

  • International business and foreign direct investment accounts for approximately 17 percent of Florida’s economic activity, and
  • Directly supports more than 1 million Florida jobs.
  • Florida is the seventh largest exporter of state-origin products with Florida-origin exports totaling more than $58.6 billion and exports from Florida supporting 275,221 U.S. jobs in 2013.

“Florida is in a unique position to take advantage of growing global economies,” said Alice Ancona, Director of Global Outreach for the Florida Chamber of Commerce. “Japan is one of Florida’s leading investors. Hong Kong alone represents $2.4 billion in Florida origin exports, with more than $653 million in high tech exports. Florida has a once in a lifetime opportunity to capitalize on the Panama Canal expansion and changing trade become the global hub for international trade.”

The Florida Chamber’s Global Florida Program’s mission is to educate and promote business opportunities, collaborate and advance policy initiatives in each of the four major geographic regions:  Americas, Asia Pacific, Europe and Middle East/Africa. Agriculture Commissioner Adam Putnam recently sponsored the Florida World Trade Month resolution, which was signed by Governor Scott, Attorney General Pam Bondi and CFO Jeff Atwater.

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The Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations, aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.

Florida Chamber’s Alice Ancona Named Person of the Year by Florida Customs Brokers & Forwarders

FOR IMMEDIATE RELEASE
CONTACT: Edie Ousley, 850-521-1231 or 850-251-6261
eousley@flchamber.com

TALLAHASSEE, FL. (April 27, 2015) – Alice Ancona, Director of Global Outreach at the Florida Chamber of Commerce was named Person of the Year by the Florida Customs Brokers & Forwarders Association, Inc. (FCBF) during a Miami ceremony last Saturday. Ancona was honored for her efforts to make Florida globally competitive through international trade.

“We’re proud of the work Alice has done throughout her career to help make Florida more competitive through international trade and logistics,” said David Hart, Executive Vice President of the Florida Chamber. “The Florida Customs Brokers & Forwarders Association’s recognition is proof of what we’ve known for a long time – Alice is a true leader.”

Ancona was among three people honored during the evening ceremony. The FCBF bestows the honor upon individuals whose foresight, dedication, and commitment have helped to advance this industry. FCBF seeks to maximize the Florida’s ability to effectively compete for international trade resources and to minimize the barriers for its members.

The Florida Chamber also congratulates Miami International Airport for being named Firm of the Year, and Frank Santeiro, Managing Director of FedEx LACD, and Manny Mencia, Senior Vice President of International Trade and Development at Enterprise Florida, who were inducted into the hall of fame. The award was presented at the FCBF 56th Annual Gala Installation Dinner on Saturday, April 25th at the Doubletree Miami Mart Hotel.

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The Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations, aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.

Florida Chamber and Lima Peru Chamber Sign MOU Promoting Trade

Florida Lt. Gov. Carlos Lopez-Cantera
On Hand for Signing

The Florida Chamber of Commerce and the Lima Chamber of Commerce today signed a Memorandum of Understanding (MOU) to help promote trade and investment opportunities between Peru and the United States.

The signing included representatives from the Lima Chamber as well as Alice Ancona, Director of Global Outreach for the Florida Chamber, Lieutenant-Governor Carlos Lopez-Cantera, and Florida Chamber Board of Director members Lee Sandler of Sandler, Travis & Rosenberg, P.A., and Bob Grammig, Partner at Holland & Knight.

 

International Relationships Matter to Florida’s Economy

Click here to register for International Days, held scheduled for April 7-9 in Tallahassee.

Florida Chamber to Build Trade Relations During Peru Trade Mission

FOR IMMEDIATE RELEASE
CONTACT: Edie Ousley, 850-521-1231 or 850-251-6261
eousley@flchamber.com

 Peru Chamber of Commerce and
Florida Chamber to Sign MOU

TALLAHASSEE, FL. (March 20, 2015) – Building on Florida’s once-in-a-generation opportunity to transform Florida’s economy into a global hub for trade, logistics and export-oriented manufacturing activities, the Florida Chamber of Commerce will join Lt. Governor Carlos Lopez-Cantera and Enterprise Florida on a trade mission trip to Peru next week.

Alice Ancona, Director of Global Outreach for the Florida Chamber; Lee Sandler, Member, Florida Chamber Board of Directors, Chair of the Florida Chamber International Business Council, and Founding Member of Sandler, Travis, and Rosenberg, P.A.; and Bob Grammig, Member, Florida Chamber Board of Directors and Partner at Holland & Knight, will lead the Florida Chamber delegation.

“The Export Development Trade Mission to Peru will give Florida companies the opportunity to meet current and future trading partners in one of the fastest-growing economies in Latin America,” said Bill Johnson, Florida Secretary of Commerce and CEO of Enterprise Florida, Inc. “Expanding the exports of Florida products to Peru even higher than last year’s $2.8 billion will expand Florida businesses and put even more Floridians to work.”

According to research from the Florida Chamber Foundation, international business and foreign direct investment account for approximately 17 percent of Florida’s economic activity, and directly support more than 1 million Florida jobs. With more than 30 million people and one of the strongest economies in South America, there is a strong potential for Florida companies to expand their exports to Peru. Florida currently exports many different types of Florida-origin products to Peru, including industrial and electric machinery, fertilizers, vehicles, civilian aircraft, and medical instruments.

“Trade missions are effective investments in future trade and are an important way for Florida companies to develop relationships with prospective trade partners,” said Dr. Jerry Parrish, Chief Economist at the Florida Chamber Foundation. “Companies that want to expand their exports often find that investing in relationship building leads to more success in finding trading partners and markets.”

Consider These Peru and Florida Facts:

  • With an estimated 229,000 Peruvian visitors to Florida in 2013, Peru is the 14th-highest nation for Florida visitors.
  • According to the Florida Visitors Study 2013, Peru is also the 9th-highest country in terms of tourist spending while in Florida, with more than $364 million spent in 2013.
  • Peru is Florida’s eighth largest trading partner with more than $2.8 billion in Florida products exported to Peru last year,
    Peruvian imports totaled $2.6 billion in 2013,
  • In 2013, Peru achieved its 15th consecutive year of economic growth at 5 percent and Peru continues to be one of the best performing economies in Latin America.

Building a global economy means opportunities for Florida’s small businesses as well. In fact, 95 percent of our state’s 60,000 exporters are small-to-medium-sized businesses that produce two-thirds of Florida’s total export value, according to the Chamber Foundation’s recent Peru Mission Equal Jobs and Economic Opportunity report.

“Big businesses can, in many cases, take care of themselves on this,” said Bob Grammig, Partner at Holland & Knight in a recent Florida Chamber Series on Free Enterprise interview. “But for smaller businesses, it’s very helpful to have an organization like the Florida Chamber to help drive necessary changes.”

The impact international relationships have on Florida’s businesses can be particularly helpful for small businesses trying to break into international trade like Florida Chamber Foundation trustee Endoscopy Replacement Parts.

“Global trade is an important part of not only our business, but also Florida’s future,” said John Hartnett, Vice President of Global Business Development at Endoscopy Replacement Parts. “The boost Florida companies receive to compete worldwide positions them in helping Florida further develop international business, help our diversification, and help create more jobs in our state.”

While on the Peru Mission, the Florida Chamber of Commerce and the Lima Chamber of Commerce will sign a Memorandum of Understanding (MOU) to help promote trade and investment opportunities between Peru and the United States. The Wednesday, March 25 signing will include representatives from the Lima Chamber as well as Alice Ancona, Director of Global Outreach for the Florida Chamber, Lieutenant-Governor Carlos Lopez-Cantera, Lee Sandler of Sandler, Travis & Rosenberg, P.A., and Bob Grammig, Partner at Holland & Knight.

Others participating in the Peru trip include: CAMACOL, AMCHAM, Port Miami, Florida Department of Transportation, Port Everglades and more.

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The Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations, aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.

Did You Know More Than $60 Billion in Florida Goods Exported Each Year?

For the past three years, Florida has exported an average of $64 billion in goods sourced in our state.  Florida has more than 60,000 companies registered to export, and more than 95 percent of our state’s exporters are small-to-medium-sized businesses that produce two-thirds of Florida’s total export value.  These exports include large amounts of civilian aircraft, engines and parts as well as electronic goods, scrap gold and phosphates, which are used to fertilize crops.

The top customers for Florida exports (2013) are:

  1. Canada  $5.4 billion
  2. Brazil  $5.3 billion
  3. Switzerland $3.4 billion
  4. Colombia $3.3 billion
  5. Venezuela $3.2 billion

Other countries also receive substantial Florida exports each year, with Mexico, Chile, Argentina, Peru and the Dominican Republic continually topping the list of counties with Florida exports. Germany is the top European country for Florida exports, along with Hong Kong, Ecuador, China, the U.K., Costa Rica, the Bahamas and Japan each receiving more than $1 billion in Florida exports yearly.

“Global trade is an important part of not only our business, but also Florida’s future,” said John Hartnett, Vice President of Global Business Development at Endoscopy Replacement Parts. “The boost Florida companies receive to compete worldwide positions them in helping Florida further develop international business, help our diversification, and help create more jobs in our state.”

The impact of international trade and exports for Florida’s economy cannot be denied. Many Florida exporters receive financing and insurance help to conduct business when commercial lending is not available. Exporters often use the Export-Import (Ex-Im) Bank, which is the United State’s official export credit agency.  Ex-Im Bank supports businesses in the U.S. through financing or insuring payment for exports for companies shipping U.S. made goods to foreign countries. When Florida businesses use the program, it helps Florida’s positive trade balance, helps create jobs for Floridians and helps diversify Florida’s economy.

A breakdown of Florida’s companies who have used Ex-Im Bank services shows:

  • 879 total exporters equaling $5 billion in shipments,
  • 668 are small businesses,
  • 168 are minority owned, and
  • 60 are women owned.

Helping Florida manufacturers compete in world markets helps create high-wage jobs. When Florida companies create each new export-oriented manufacturing job, two additional jobs are created in logistics, business services and retail. Additionally, expanding the customer base for Florida manufacturers helps Florida companies diversify their businesses, while helping diversify Florida’s economy.

But recent federal legislation has put Ex-Im Bank at risk and instead of reauthorizing Ex-Im for the long-term, Congress’ solution only reauthorized Ex-Im until June 30, 2015.

According to Alice Ancona, Director of Global Outreach for the Florida Chamber of Commerce, the loss of Ex-Im could hurt Florida companies.

“To secure Florida’s future, and prevent Florida jobs from going to foreign competitors, the Florida Chamber of Commerce supports reauthorizing Ex-Im. Ex-Im is particularly important to small-and-medium-sized businesses; those businesses account for more than 85 percent of transactions. In the past five years alone, Ex-Im has helped more than 600 Florida small businesses, 168 of which are minority owned, with export finance — a $6 billion value in Florida-based exports,” Ancona explained.

Share Your Story:

How is your business engaged in exporting Florida-origin products? Share your story by contacting the Florida Chamber Foundation’s Chief Economist Jerry Parrish at jparrish@flfoundation.org.

About the Florida Scorecard Did You Know:

The Florida Scorecard, located at www.TheFloridaScorecard.com, presents metrics across Florida’s economy. Each month, the Florida Chamber Foundation produces a Scorecard Stat that takes an in-depth look at one aspect of Florida’s economy. If you would like additional information on the Weekly Scorecard Stat or on the Florida Scorecard, please contact Dr. Jerry Parrish with the Florida Chamber Foundation at 850.521.1283 or jparrish@flfoundation.org. You can also follow the Florida Chamber Foundation on Twitter at @FLChamberFDN.