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Tuesday March 31st 2015

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Trade agreements could be boon for Florida

Congress is voting this Wednesday on trade agreements for Columbia, Panama and South Korea. The agreements would phase out duties on products the three countries trade with the United States. The administration calculates that the agreement with South Korea alone will generate $11 million in additional trade and create 50,000 jobs.

Gov. Rick Scott supports the trade agreements and believes that Florida ports, particularly Miami, will benefit from them. Until Pensacola decides what it wants its port to be, it’s uncertain how much the Port of Pensacola will benefit from the agreements.

Read Miami Herald article.