Florida and TPP

Florida is a major exporter of clothing merchandise, shipping $60.5 Billion worth in the 2013 itself. Of this, 20% was to the TPP region. Moreover, this export business supports more than 200,000 jobs in Florida.

More importantly, more than 2/3rds of this exporter group were small to medium sized businesses. It is evident that for these businesses, the TPP will be the most beneficial one, as they won’t have to pay the exorbitant import duties on their products, which tend to have lower profit margins, and giving them the affordance of being able to enter some of the cost centric markets like Vietnam, Peru etc…

Data analysed from https://ustr.gov/tpp

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