This document discusses Florida's trade relationship with Panama. It notes that Panama is Florida's 20th largest global trade partner and 14th largest Latin American trade partner, with $1.57 billion in total trade in 2009. Top Florida exports to Panama include aircraft, telecommunications equipment, and computers. The Panama Canal expansion is expected to create new export opportunities for Florida companies in areas like construction equipment. Enterprise Florida provides various services to support Florida exporters seeking to capitalize on trade with Panama.

1. Florida-Panama
Trade Relationship
Ivan Barrios
Vice President
Trade Development Services

2. 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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3. 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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4. Florida’s Regions … and EFI Locations
Jacksonville
Northwest Northeast
Region Region
Pensacola
North Central
Region
Tallahasse East Central
e Region
Orlando
Tampa Bay
Region
Tampa
Southeast
Region
Southwest
Main Offices Region
Field Offices Miami
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5. Germany
United Kingdom Czech Republic
Canada France
Spain China Japan
(2 Offices)
Israel
Mexico Taiwan
South Africa
Enterprise Florida = Full Service Office (7)
International Offices = Liaison Office (6)
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6. 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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7. 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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8. Top Florida Imports from Panama
• Gold
• Seafood
• Scrap Metal
• Dates, Figs, Pineapples, Avocados
• Vegetables
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9. 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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10. 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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11. 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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12. Panama Canal Expansion
Export 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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13. Enterprise Florida Services
for Florida Exporters
• Trade Counseling
• Trade Leads
• Trade Missions & Trade Shows
• Market Research
• Catalog Shows
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14. 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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