Florida-Panama Trade Relationship

Ivan BarriosVice President

Trade Development Services

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About Enterprise Florida, Inc.

Enterprise Florida’s Mission

To diversify Florida’s economy and create better-paying jobs for its citizens by

supporting, attracting and helping to create businesses in innovative, high-growth

industries

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About Enterprise Florida• Official economic development organization for the State

of Florida• Responsible for:

– Florida’s global branding, – promoting exports, – national and global inbound investment, and – increasing economic opportunities for Florida’s

citizens and businesses.• Public-private partnership, not-for-profit 501(c)(3)

corporation, chaired by Florida’s Governor.• Funded through appropriations from the State of Florida

and contributions from the private sector.

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Florida’s Regions … and EFI Locations

Main OfficesField Offices

Tallahassee

Orlando

Jacksonville

Tampa

Miami

PensacolaNorthwest

Region

North CentralRegion

Tampa BayRegion

SouthwestRegion

SoutheastRegion

East CentralRegion

NortheastRegion

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Enterprise Florida International Offices

Canada

GermanyUnited Kingdom

China (2 Offices)

Taiwan

France

Mexico

Spain

South Africa

Czech Republic

= Liaison Office (6)

= Full Service Office (7)

Israel

Japan

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Florida-Panama Trade Relationship• Florida’s 20th Global Trade Partner

• Florida’s 14th Latin American Trade Partner

• $1.57B - 2009 Total Merchandise Trade

• $985M - 2009 Total Florida Origin Exports

• 35% of all U.S. trade with Panama moves through Florida

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Top Florida Exports to Panama

• Aircraft, Engines and Parts

• Telecommunications Equipment

• Computers and Peripherals

• Automobiles/Vehicles

• Arcade Games & Billiard Tables

• Perfumes

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Top Florida Imports from Panama

• Gold

• Seafood

• Scrap Metal

• Dates, Figs, Pineapples, Avocados

• Vegetables

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Tampa Customs District Exports to Panama

• Iron Bars and Rods

• Automobiles/Vehicles

• Aircraft, Engines and Parts

• Paper & Paperboard

• Meat and Poultry

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U.S.-Panama Trade Promotion Agreement: Economic Benefits

• Fla. origin exports ↑ by $91M in 1st year and ↑ by an extra $964M after 5 years

• Fla. services exports could ↑ by $50M in 1st year and ↑ to > $300M by the 5th

year

• 1,900 jobs in the 1st year

• 15,000 jobs in the 5th year

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Panama Canal Expansion• Fla. companies: Benefiting from export

opportunities created by the expansion

• Fla. seaports: Well-positioned to become the natural first ports of call for vessels using the canal

• Enterprise Florida estimates $300M in Fla. exports because of the expansion.

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Panama Canal ExpansionExport Opportunities

• Construction Equipment & Building Products

• Telecommunications Equipment

• Computers & Peripherals

• Air Conditioning & Refrigeration Equipment

• Electric Power Systems

• Security & Safety Equipment

• Material Handling Equipment

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Enterprise Florida Services for Florida Exporters

• Trade Counseling

• Trade Leads

• Trade Missions & Trade Shows

• Market Research

• Catalog Shows

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Cont’d …

Services for Florida Exporters

• Florida First Sourcing Program

• Inbound Trade Missions

• Special Market Development Programs

• Target Sector Trade Events Grants

• Florida Export Directory Online

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