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 FLORIDA
 Trans-Pacific Partnership

TPP Countries* are Important for Florida’s Exporters

  • $12.3 Billion in goods exports from Florida to TPP countries in 2015, including $905 Million in goods exports to Japan, $184 Million to Malaysia, and $131 Million to Vietnam
  • 23% of Florida’s goods exports went to TPP countries in 2015
  • 13,779 companies from Florida exported goods to TPP countries in 2014 – 93% were small and medium sized companies

TPP Will Eliminate All Foreign Import Taxes on Industrial and Consumer Goods, Benefiting Florida’s Top Export Sectors

Before TPP

After TPP

Chemicals


$290 Million
State’s Exports to New TPP Countries** in 2015

35% Current Maximum Tariff
in Sector


97.2%
of U.S. Goods Exports will be
Duty–Free Immediately
in the
New TPP Countries

Transportation Equipment

$172 Million
State’s Exports to New TPP Countries** in 2015

25% Current Maximum Tariff
in Sector


99.9%
of U.S. Goods Exports will be
Duty–Free Immediately

in the
New TPP Countries

Information and Communication Technologies

$155 Million
State's Exports to New TPP Countries** in 2015

35% Current Maximum Tariff
in Sector


99.6%
of U.S. Goods Exports will be
Duty–Free Immediately
in the
New TPP Countries

Health
Products


$128 Million
State’s Exports to New TPP Countries** in 2015

30% Current Maximum Tariff
in Sector


99.9%
of U.S. Goods Exports will be
Duty–Free Immediately

in the
New TPP Countries

Consumer
Goods


$124 Million
State's Exports to New TPP Countries** in 2015

189% Current Maximum Tariff
in Sector


90.9%
of U.S. Goods Exports will be
Duty–Free Immediately

in the
New TPP Countries


Florida Companies and Workers Depend on World Markets

jobs243,755 U.S. Jobs: Supported by Goods
Exported from Florida in 2015
$53.9 Billion: 2015 Total Goods Exports from Florida

Cargo

61,307:
Companies Exported Goods from Florida in 2014

jobs

95%:
SME share of Goods-Exporting Companies from Florida in 2014

Storefront

63%:
SME share of Florida’s Goods Exports in 2014

handshake

Metropolitan Exports in 2015:
    metro
  • Miami – Fort Lauderdale – West Palm Beach: $33.3 Billion
  • Tampa – St. Petersburg – Clearwater: $5.7 Billion
  • Orlando – Kissimmee – Sanford: $3.1 Billion

Additional New Market Access Benefits for Florida

AgricultureAgriculture: TPP will provide new and commercially meaningful market access for U.S. exports of food and agricultural products; eliminate the use of agricultural export subsidies; discourage countries from imposing export restrictions; and ensure food safety, animal health, and plant health measures are developed and implemented transparently and in a science-based manner.

ServicesServices: TPP will expand market access and investment opportunities in a number of services sectors, including entertainment, telecommunications, software licensing, the Internet industry, retailing, and logistics/express delivery. TPP will bar discrimination against digital provision of services and prevent customs duties on electronic transmissions.

* TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam

** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam

For more information on the methods and calculations used, please see this guide.

 


 

 

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