DATE: March 19, 2014
MEDIA CONTACT: Sandy-Michael McDonald
BROWARD COUNTY, Fla. - A delegation from Broward County led by Mayor Barbara Sharief recently returned from a successful export development mission to Dominican Republic, which resulted in further strengthening of local trade relations with this important international partner.
The mission was organized by Enterprise Florida, Florida’s official economic development organization, and included Broward County’s Port Everglades, Broward County Office of Economic and Small Business Development and 16 private Broward County businesses – record attendance from the local community for a mission of this type. A total of 137 delegates from throughout Florida participated in the mission.
The United States is Dominican Republic’s top ranked trading partner, with $11.46 billion in total bi-lateral trade in 2012. Dominican Republic is Florida’s ninth largest trading partner with more than $5.5 billion in exports, and Port Everglades’ fourth largest trading partner in 2013, in terms of 20-foot-equivalent units (TEUs), the international measurement for cargo containers.
Port Everglades along with Port of Miami accounts for most of the trade exchanged between Dominican Republic and the United States. Broward County-operated Fort Lauderdale-Hollywood International Airport also offers daily flights to Santo Domingo, Dominican Republic’s capital city.
Total TEUs at Port Everglades from Dominican Republic in 2013 were 32,422, with 13,214 in import TEUs and 19,208 in export TEUs. According to the U.S. Census, the total value of imports into Port Everglades from the Dominican Republic in 2012 was $702 million. According to PIERS, the total value of exports into Port Everglades from the Dominican Republic in 2013 was $987 million. A focus of the mission was export development.
“The leadership role that Port Everglades occupies in terms of volume of trade with Dominican Republic and other trade partners translates to jobs and economic opportunity for Broward County residents,” said Mayor Sharief. “It is essential that we not only sustain these relationships, but that we grow stronger ties with all of our key trading partners and continue to identify new markets, connecting more Broward County businesses to global opportunities.”
Broward County’s participation in international trade missions is pursuant to the International Trade and Investment Policy, adopted by County Commissioners in 2002 to take advantage of Broward’s strategic location as a gateway to the Caribbean and Latin American, and further its position as a hub for international trade.
The Broward delegation was included in key strategic meetings organized by the State of Florida with Dominican Republic leaders, including President Danilo Medina, Former President Leonel Fernández and the Minister of Industry and Commerce, Jose del Castillo Savinon.
The Broward delegation included eight businesses that were selected to participate in a U.S. Department of Commerce matchmaking program: Palladio Beauty Group (Hollywood), Magna-Bon (Davie), POM Energy Concepts, Inc. (Fort Lauderdale), Chemtron (Davie), Surfacelogix (Pompano Beach), Create Trade (Fort Lauderdale), Radiance Trade Solutions (Hallandale), BK Cosmetics (Pompano Beach), Dinamica International (Coral Springs), Pro Water Treatment (Fort Lauderdale), Allied Steele Buildings (Fort Lauderdale), General Insulation (Pompano Beach), Becker & Poliakoff (Fort Lauderdale), Keiser University (Fort Lauderdale), Legacy Realty Services (Coral Springs), and Radise International (Fort Lauderdale).