Tariffs, Trade and Trump…What Does It Mean for Florida?

We have been experiencing an escalation in trade tensions that threaten to disrupt global trade flows. How will this all impact Florida? What does this mean for businesses like yours?

The Florida Chamber of Commerce kicked off World Trade Month with our Global Florida Webinar on May. The discussions included:

– Administrative action on tariffs and how they will impact Florida’s trade and logistics sector

-Florida’s latest trade and visitor data – Trends and opportunities for your company

-Update on the status of trade negotiations

Download a Complimentary Presentation Today

Complete the form below to get a complimentary copy of the Florida Chamber of Commerce Global Florida presentation from May 1, 2018.

For more information, please contact Dan Tapia at dtabpia@flchamber.com or 850.521.1206.

 

 

 

Global Florida Presentation: May 1, 2018
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Global Florida Webinar: Economic Development and Supply Chain Innovation

 

Register   Trade & Logistics Study   International Program

 

Florida Chamber Global Florida Webinar
Economic Development and Supply Chain Innovation
Tuesday, March 6, 2018
3:00 – 4:00 p.m.

 

Trade, Transportation, Logistics and Distribution are big businesses in Florida. Since 2010, the state has made strategic and transformative investments in our logistics and transportation infrastructure – a key recommendation of the Florida Chamber Foundation’s Trade and Logistics Study 1.0.

These investments have positioned Florida as a global hub for trade and investment. But we face competition and the industry is changing.

New technologies are presenting promising opportunities that could transform the industry. Technologies like blockchain allow for more transparency, security and efficiency across the entire supply chain, and deliver a higher value to consumers. With significant players beginning to implement blockchain technologies, how can Florida continue to leverage its infrastructure assets and adapt to continue attracting investment as well as grow international trade?

Join the Florida Chamber of Commerce for our next Global Florida webinar on Tuesday, March 6 at 3:00 p.m. The discussion will focus on Florida’s economic development story. We will hear from Michael G. Morgan, Partner at McDermott Will & Emery, who will discuss blockchain technology and the future of logistics and supply chain.

 

Drive the Discussion

Do you have specific information you would like covered during this webinar? Send your suggestions to Dan Tapia at dtapia@flchamber.com.

 

Get Involved

Get connected to global opportunities by becoming a member of the Florida Chamber’s International Program. Contact me at dtapia@flchamber.com or (850) 521-1206.

 

Special Thanks to Our Partners

Solidifying Florida’s Role in Trade and Logistics

 

Download One Pager    Learn More Our International Program    Trade & Logistics 2.0 Report

 

Why It Matters to Florida

If Florida were a country, we would have the 16th largest economy in the world. Florida is not just competing with other states, we are competing with other countries. This speaks to the need to continuing to focus on diversifying our economy and markets of opportunity is an important strategy for success and continued growth. Florida is well positioned to not only benefit from international trade but play a pivotal role in new and emerging trade lanes. Eighty percent of the world’s purchasing power, 90 percent of economic growth, and 95 percent of consumers will live outside of U.S. borders. By 2030:

  • The volume of global goods trade and the value of services trade is expected to nearly double.
  • The world’s population will increase to 8.4 billion.

Florida’s GDP is fueled by trade. Florida is the seventh-largest export state in the U.S., with $52 billion in exports originating from Florida in 2016. Exporting is big business in Florida – 60,000 Florida companies export and we have the second highest concentration of exporters behind California. Economic development in areas such as international trade, sea port, manufacturing, aerospace, aviation and other targeted clusters is tied directly to innovation, diversification and how well Florida can adapt to growing and changing trends.

Florida’s Competitiveness Agenda

According to the Florida Chamber Foundation’s Trade and Logistics 2.0 Report, Florida can create more than 150,000 high-wage jobs by growing manufacturing, exports and trade and logistics. In order to take advantage of changing trade routes, a historic expansion of the Panama Canal, and targeted infrastructure investments, we must continue to leverage and grow opportunities.

Strengthening Florida’s rapidly growing manufacturing industry will be the key to ensuring a robust global future. The Florida Chamber supports initiatives that encourage growth in the manufacturing, trade and logistics industries as well as assist Florida companies be more competitive and have greater access in the global marketplace. The Florida Chamber will also continue to support strategic investments in our trade infrastructure, work to build a “talent supply chain” for trade, logistics and manufacturing workers and ensure an ongoing strategic presence in Washington, D.C. – advocating and positioning Florida for a leadership role at the federal level.

The Fight for Free Enterprise Continues

In order to become the number one state in the nation for innovation and economic development, we must continue to attract and retain high-skilled talent, target growing industries and continue to work toward the recommendations set forth in the Florida Chamber Foundation’s Trade and Logistics 2.0 Report.

Act Now

Learn how you can become involved in the Florida Chamber’s International efforts by contacting Alice Ancona at aancona@flchamber.com and Dan Tapia at dtapia@flchamber.com or visit www.FloridaChamber.com/InternationalProgram.

How Well is Florida Exporting?

 

2.5 million jobs.

That is the number of jobs supported by international trade in Florida. Florida has the third largest trade-related workforce (behind California and Texas respectively) in the country.

According to research from the Florida Chamber’s most recent Trade and Logistics Report and the U.S. International Trade Commission, jobs in export-focused industries like manufacturing and services pay more. In fact, our Trade and Logistics Report also shows export-orienting companies typically grow 15 percent faster, pay 15 percent higher wages and are 12 percent more profitable than domestically focused firms.

Free and Fair Trade

Open markets lead to lower prices and greater prosperity. With 95 percent of the world’s consumers outside of the U.S., Florida’s small business exporters depend on trade deals to help grow their businesses and create jobs. So far, this formula has worked- 37 percent of Florida’s exports are to countries we have a free trade agreement with.

There has also been a:

  • 46 percent increase in Florida exports to Peru since the U.S.-Peru Trade Agreement was implemented in 2009.
  • 188 percent increase in Florida exports to Chile since the U.S.-Chile Free Trade Agreement implemented in 2004.
  • 199 percent increase in exports to Canada and Mexico since NAFTA took effect in 1994.

Creating New Opportunities

The Trans-Pacific Partnership (TPP) negotiations, which were finalized earlier this year, would create one of the largest free-trade zones involving 12 Pacific nations that represent nearly 40 percent of the world’s GDP.

Ports across the state have geared up to prepare for growing Asian trade that could come through the recently expanded Panama Canal. While the canal and port investments are the pathway to greater trade between Florida and Asia, the TPP is the bridge that will truly connect us and help make Florida businesses more competitive in new markets.

 

These discussions and more will be a key part of the conversation at the Florida Chamber’s 2017 International Days, Feb. 14 and 15 in Tallahassee. Be sure to join us by registering today!

Bright Spots in Trade: Central America

If you have been reading recent global economic news, you will see headline after headline about negative trade growth.  But there are a few bright spots and one such spot is Central America.

According to the World Bank – Central America is poised for an expansion of 3.8 percent.

What has helped Central America have been the same factors that have hurt much of the rest of Latin America, which is projected to experience slower growth rates. Central American economies are very much tied to the U.S. economy and have little in the form of trade or dependency on China. The strong U.S. market has been a positive boon for the region. In the case of Panama – the expanded Panama Canal and the significant investments it has made in logistics and trade infrastructure have proven to be significant catalysts. They currently boast a 2.5 percent unemployment rate.

There are new recent developments and initiatives which are positioning Central America for even stronger growth. Early this month, South Korea and Central America (Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama) concluded their 5th round of trade talks and expect to accelerate their negotiations to finalize the agreement sooner than later. South Korea is the 4th largest economy in Asia and has been increasing its trade and investment with Latin American in the past few years.

Honduras has also been taking steps to improve their economy. They have received recognition from both the International Monetary Fund and the World Bank for their positive steps toward reform and growth. Honduras has recently launched the “Honduras 20/20” National Development Plan to generate 600,000 jobs during a five-year period (2016 – 2020), by promoting four key sectors where Honduras has a strong competitive advantage: tourism, textiles, intermediate manufacturing and business process outsourcing (BPOs).

Central America is one of Florida’s most important trading partners. Honduras is Florida’s 9th ranked merchandise trade partner and Costa Rica (7), Panama (8) and Honduras (9) are leading export destinations for Florida merchandise exports. Florida’s merchandise exports to Panama have grown 13 percent year to date.

For Florida, the TPP is More Than Just Another Free trade Agreement

The Trans-Pacific Partnership (TPP) is a trade agreement among twelve Pacific Rim countries which currently represent 40 percent of all global trade.

Free trade has been under attack lately. It seems that everywhere you turn – newspapers, the Presidential campaigns, the streets of some faraway place or the internet – you will find an image of someone holding up an anti-TPP sign.

It must be acknowledged that trade has not benefited everyone and its gains have not been shared by all industry sectors. Some have suffered while others have prospered. Jobs have moved away to never return and some communities have been forever scared by those losses. Not all have enjoyed the advantages that trade brings.

We must be more mindful of this as trade and increased competition will be stressful to some communities that have not yet reaped its rewards. It is up to us, the champions of trade, to also champion measures to mitigate its impacts and offset losses.

Trade, none the less, is part of our economic reality and our daily lives. It is how oranges and grapefruit from Central Florida arrive at a Japanese grocery store, it’s how medical devices made in North Florida end up in operating rooms around the world, it is how we are able to order last minute gifts at a click of a button and how we send our loved ones flowers on Valentines’ Day. Our lives depend on trade and we benefit from it without even thinking about it.

Trade is one of our most important tools for economic growth and it provides a level playing field for our exporters to access 95 percent of the global marketplace. It brings foreign direct investment which provides employment for thousands of Floridians. Trade is a multiplier, catalyzing many industry sectors that directly and indirectly benefit from it.

For Florida, the TPP means securing and having greater integration with our most important consumer and trade partner- Latin America. It is a marriage forged by geography, history and culture. A marriage that has benefited Florida in immeasurable ways. The TPP will only enhance it.

This agreement would not only strengthen this partnership and provide us greater access to markets where we are less competitive, but it will further limit competition from bad actors and reduce their influence in a region that is not only significant to us economically but strategically as well. Its ratification and implementation would serve to crystalize a crucial relationship and open the door to other Latin American partners who will, in turn, improve their standards to gain entry.

With 50 percent of our state’s trade going to Latin America, Florida’s Congressional leadership should be at the forefront of championing trade and greater integration with the region. The Florida Chamber recognizes this special relationship and its importance to securing our future.

Join us in promoting and supporting the TPP during this congressional recess. Let us know if your company would be willing to sign-on to or send a letter and/or if you would be willing to contact your member of Congress. Contact me at  aancona@flchamber.com or at 850-521-1210.

Poland: A Nation of Steady Growth

Poland was the only EU nation to avoid recession during the financial crisis and despite a slowdown in 2012-2013 it continues to thrive with the IMF forecasting GDP growth of 3.5 percent for 2015, versus 1.5 percent for the Euro area.

Poland’s relative economic strength is most apparent by its container flows. While containerized trade from Asia to Europe has recently slowed – down 3 percent in the first four months of this year. Poland is registering slight increases. It’s container imports from Asia have significantly outpaced the rest of North Europe in recent years with 12 percent growth (between 2009-2014) which more than twice the rate of the rest of the region.

Poland’s containerized trade is still one-fifth the size as Germany’s, North Europe’s biggest market for Asian goods, but its rapid growth from approximately 3.2 percent in 2009 to 4.4 percent for the year-to-date in 2015 is certainly worth noting.

Poland’s economy is well positioned to outpace the rest of the EU.  Its economy has made significant gains and while its unemployment rate has declined, it still remains at around 8 percent it still has room for growth and a need to invest in its soft and hard infrastructure to take the next evolutionary step.

Reauthorizing the Export Import Bank (EXIM)

Did you know: More than one in five Florida jobs depends on international trade

ExIm
The above image is what you will find when you visit the Export Import Bank (EXIM) website.

The authorization of the Export-Import Bank expired at the end of June and has not been reauthorized by Congress. The bank can only manage what it has given out in loans but cannot take on any new loans until it is reauthorized.  This action has made the U.S. the only industrialized country of major significance to not have such an instrument to support trade.

The Florida Chamber of Commerce supports reauthorizing Ex-Im. Ex-Im is particularly important to small- and medium-sized businesses. In fact, those businesses account for more than 85 percent of Ex-Im’s transactions. In the last five years along, Ex-Im has helped more than 500 Florida small businesses, 133 of which are minority owned, with export finance – a $6 billion value on Florida-based exports

More than one in five Florida jobs (2.4 million) depends on international trade.

It’s time for Congress show they care about the thousands of Florida jobs and hundreds of Florida businesses at risk. It’s time to reauthorize the Export-Import Bank of the United States. Click here and urge your member of Congress to reauthorize Ex-Im.

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.

ACTION ALERT: U.S. Senate Set to Discuss Free Trade Bill This Week

Your Voice is Needed Now!

The United States Senate has indicated they will hear arguments this week on recently-filed legislation that would renew the Trade Promotion Authority (TPA). The Florida Chamber supports renewing the TPA, which is essential to creating high-wage jobs and opening new markets for Florida’s exporters.

Click here to read the bill.  Join us in urging members of Congress to support the TPA.

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In a recent statement of support, Mark Wilson, President and CEO of the Florida Chamber said:

“Increasingly, international trade is one of Florida’s top strategies for economic diversification and long-term growth.  Leveraging and growing trade opportunities that build bridges to more markets for ‘Made in Florida’ products and services around the world is essential. Free Trade Agreements help provide greater access to new markets for Florida exporters by reducing trade barriers. The renewal of the Trade Promotion Authority is essential to our continued success as a global hub for trade.”

We Need Your Support!

Contact your member of Congress and voice your support for the renewal of the TPA!

Governor and Cabinet Proclaim May as Florida World Trade Month

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

 

 

Florida Chamber, Trade Partners
Champion Trade’s Role in Florida’s Economy

TALLAHASSEE, FL. (May 5, 2015) – Governor Rick Scott and members of the Florida Cabinet today declared May as Florida World Trade Month, presenting a proclamation to the Florida Chamber of Commerce and representatives of the agriculture, manufacturing and ports communities.

“Global trade means high-wage jobs and economic prosperity,” Mark Wilson, President and CEO of the Florida Chamber shared with members of the Florida Cabinet, including Governor Scott, Attorney General Pam Bondi, Agriculture Commissioner Adam Putnam and Chief Financial Officer Jeff Atwater during the proclamation presentation. “Increasingly, international trade is one of Florida’s top strategies for economic diversification and long-term growth.”

Florida ranks eighth in the United States for “Fresh from Florida” exports of agricultural commodities, valued at an all-time record of $4.2 billion, supporting more than 109,000 jobs and representing an economic value of more than $13 billion. Agriculture Commissioner Adam Putnam sponsored the Florida World Trade Month proclamation.

Economic Impact of Trade:

According to research from the Florida Chamber Foundation’s Trade and Logistics Study 2.0 (TL2), the importance of international trade 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,
  • VISIT FLORIDA numbers show more than 98 million visitors came to Florida in 2014,including more than 11 million overseas visitors  and nearly four million Canadian visitors,
  • Florida has more than 60,000 companies registered to export – more than 95 percent of them  are small-to-medium-sized businesses that produce two-thirds of Florida’s average of $64 billion in goods, and
  • Florida has more than 500,000 jobs in transportation, trade, and logistics – which pay 30 percent more than the statewide average!
  • Since December 2010, more than 21,000 manufacturing jobs have been created in Florida,
  • Florida is the leading U.S. state for trade with Latin America and the Caribbean.

 

Here’s What Others Are Saying
About Florida World Trade Month:

Agriculture Commissioner Adam Putnam

“Our exports have recently reached an all-time high of $4.2 billion, supporting more than 109,000 Florida jobs and contributing more than $13 billion to our state’s economy. International demand for our ‘Fresh From Florida’ products continues to rise, proving that there is nothing better than what we grow right here in Florida.”

Secretary of Transportation Jim Boxold

“The Florida Department of Transportation (FDOT) joins Governor Scott and our partners in continuing our united efforts to make Florida the global center for freight movement and create jobs and opportunities for Florida families. FDOT will continue to invest in strategic assets that make our state the most competitive in the nation for the movement of people and goods.”

U.S. Representative Vern Buchanan

“The impact of international trade to Florida is undeniable – it’s one of the surest ways to turbo-charge long-term economic development and growth. I am proud to celebrate World Trade Month with the Florida Chamber, whose support of these important partnerships and trade agreements help make the Sunshine State the leader in this effort.”

Doug Wheeler, President and CEO, Florida Ports Council

“International trade is critical not only for Florida’s overall economy but for individual families and communities across the state, as well as visiting consumers. Increasing trade creates jobs and brings a better quality of life to our state.”

Nancy Stephens, Executive Director, Manufacturers Association of Florida

“During World Trade Month, the Manufacturers Association of Florida (MAF) recognizes the critical role international trade plays in boosting our economic growth. We support international trade as an essential part of our business plan ensuring job creation, business growth, and competitive advantages in the global market. In Florida, 1 in 4 manufacturing jobs depend on exports, so MAF works hard to promote trade opportunities with manufacturers to help them export to the 95% of consumers who live outside the United States. Florida has some of the most skilled manufacturers in the country and we look forward to utilizing every trade opportunity available.”

Charlotte Gallogly, World Trade Center Miami

“Our celebration of World Trade Month is targeted at assisting small- to mid-sized companies in Florida to identify new global markets for the sale of their products and services.”

John Hartnett, Endoscopy Replacement Parts, Inc.

“Leveraging and growing trade and logistics opportunities for Florida companies opens many markets for Made in Florida products and services. Committing to Made in Florida business and targeting worldwide expansion strengthens our long-term economic foundation and global brand.”

 

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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.

ACTION ALERT: Support Free Trade Agreements Today

Last week, legislation that would renew Trade Promotion Authority (TPA) was introduced. Passage of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, is critical to advancing the U.S. and Florida’s Trade agenda in order to achieve state of the art trade deals that truly will serve as catalysts to growing trade for Florida’s exporters. The Florida Chamber supports renewing TPA, which is essential to creating high-wage jobs and opening new markets for Florida’s exporters.
Button_take-action

Join us in urging members of Congress to support the TPA.

In a recent statement of support, Mark Wilson, President and CEO of the Florida Chamber said:

“Increasingly, international trade is one of Florida’s top strategies for economic diversification and long-term growth.  Leveraging and growing trade opportunities that build bridges to more markets for ‘Made in Florida’ products and services around the world is essential. Free Trade Agreements help provide greater access to new markets for Florida exporters by reducing trade barriers. The renewal of Trade Promotion Authority is essential to our continued success as a global hub for trade.”

We Need Your Support!

Contact your member of Congress and voice your support for the renewal of TPA!

Did You Know Florida is the 7th Largest Exporter of State-Origin Products?

The impact Florida’s international relationships have on our economy cannot be denied. As the seventh largest exporter of state-origin products, Florida-origin exports total more than $58.6 billion and exports from Florida supported 275,221 U.S. jobs in 2013.

“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.”

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. But as our economy grows, Florida must also continue to diversify export destinations- one of the strategies recommended in the Florida Chamber Foundation’s Florida Trade and Logistics Study 2.0.

From the Americas and beyond, Florida is quickly becoming the hub for global trade, especially in emerging markets such as Africa, Latin America and the Middle East- where growth projections remain higher than in developed markets and where purchasing power continues to increase.

The U.S. currently has five free trade agreements in the Middle East region. U.S. free trade agreements have helped expand Florida’s export opportunities. In fact, more than one-third of Florida exports go to countries that have trade agreements with the United States.

When oil exports are excluded, Florida is the number one exporter to Central and South America, with Florida exporting more than $30 billion in goods to that region in 2014.

While Florida’s top trade partners are Brazil and Canada, many emerging countries from several regions make Florida’s top 10 importers list, such as Peru (the site of a recent Enterprise Florida economic development mission trip that was attended by Alice Ancona, Director of Global Outreach for the Florida Chamber of Commerce), United Arab Emirates and Germany.

DYK_Chart_Exporters

As global trade and economic activity expand over the coming decades, international commerce will continue to play a role as an essential driver of Florida’s future. Diversifying Florida’s export destinations is a strategic step in accomplishing this and is outlined in the Florida Chamber Foundation’s Florida Trade and Logistics Study 2.0.

Florida can create a stronger global economy and jobs for future generations through increased investment in ports and infrastructure projects and expanded export manufacturing and value-added services.

The Florida Chamber is committed to connecting Florida’s business community to global opportunities and leveraging resources and investments to maintain and expand Florida’s position as an international trade leader. The International Business Council is launching a new program to support Florida businesses as they explore opportunities to diversify into new export markets. GLOBAL FLORIDA will focus on connecting them to resources, policy initiatives and business intelligence on market trends for four of the major geographic regions of the world: Americas, Asia Pacific, Europe and Middle East/Africa.

Together we can help Florida become the number one hub for global trade. Join the state’s international business community at the Florida Chamber’s International Days – a two-day event where the top international trade and industry experts will convene to discuss topics such as export diversification.

 

Share Your Story:

Can’t make International Days? Tell us your story and why international relationships matter to Florida by contacting Alice Ancona at aancona@flchamber.com.

About the Florida Scorecard:

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.

Florida Has More Than 500k Jobs in Transportation, Trade and Logistics

Florida is moving in the right direction and our state’s transportation system is making a significant impact. The additional improvements that have been made in our airports, seaports, intermodal systems, and roads will improve Florida’s competitiveness and will help Florida diversify its economy, create more high-wage jobs, and prepare for future growth in population, tourism, trade, and business activity. In fact, Florida has more than 500,000 jobs in transportation, trade, and logistics – which pay 30 percent more than the statewide average!

Consider the facts:

  • Florida annually moves 106.4 million tons of cargo through its 15 deep-water ports.
  • Florida moves more than 98 million tons of freight on its more than 2,700 miles of rail lines annually.
  • Florida’s state highway system is used for more than 103.9 billion miles of vehicle travel annually.
  • Florida has 15,357 companies involved in Transportation and Warehousing – number four in the U.S. These establishments employ 224,958 Floridians.  The average salary for these jobs is $47,788.
  • Florida has 42,129 companies in the Wholesale Trade sector – number 3 in the U.S., employing 326,776 people in Florida. The average salary for these jobs is $64,272.
    Florida’s transportation network is an important part of all Floridians’ daily lives, and is a large employer in our state. More importantly, this network will be the foundation of Florida’s future opportunities that are outlined in Made for Trade:  Florida Trade and Logistics Study 2.0 by the Florida Chamber Foundation.

“As we look at the trends in Florida transportation and the pressures of increasing numbers of population, trade, and visitors, we must focus our efforts on delivering solutions that not only improve the business climate of Florida, but also the quality of life and quality of Florida’s communities,” said Joe Debs, Executive V.P. and Chief Marketing Officer of RS&H, an award-winning Jacksonville transportation architecture, engineering and planning firm.

As Florida continues improving its infrastructure, workforce training, and other preparations to become a more significant global trade hub, what path will Florida take? At the Florida Chamber Foundation’s 2015 Transportation Summit you will hear Jim Boxold, the newly-appointed Florida Department of Transportation (FDOT) Secretary, share his overview of Florida’s transportation system and its role to help secure Florida’s future.

Join Us:

Join FDOT Secretary Jim Boxold at the Florida Chamber’s Transportation Summit on January 29 at Honey Lake Plantation in Greenville, Florida. Download the full agenda and be sure to register here.

 

Share Your Story:

Does your community face a pressing infrastructure need? Share your story with us by contacting the Florida Chamber Foundation’s Chief Economist Jerry Parrish at jparrish@flfoundation.org.