Florida Senate - 2016 (NP) SR 1776 By Senator Richter 23-03772A-16 20161776__ 1 Senate Resolution 2 A resolution expressing support for the timely and 3 successful negotiation of a mutually beneficial 4 agreement on transatlantic trade between the United 5 States and the European Union, leading to the 6 enactment of the Transatlantic Trade and Investment 7 Partnership. 8 9 WHEREAS, the transatlantic economy is the largest in the 10 world, encompassing nearly 50 percent of global gross domestic 11 product (GDP), and the United States and the European Union have 12 called for an agreement to remove constraints to economic growth 13 between these two entities, resulting in discussion of the 14 Transatlantic Trade and Investment Partnership (T-TIP), and 15 WHEREAS, growth of emerging marketplaces across the globe 16 continues to lessen the share of global GDP attributable to the 17 transatlantic economy, and 18 WHEREAS, the expansion of global trade, especially with the 19 member nations of the European Union, is of vital importance to 20 the growth of the economy of the United States, small business 21 participation in the international marketplace, and job 22 creation, and 23 WHEREAS, this state would benefit greatly from the 24 ratification of a comprehensive transatlantic trade agreement, 25 which would create employment opportunities for Floridians as a 26 direct result of loosening current burdens on trade and free 27 markets, and 28 WHEREAS, the successful implementation of T-TIP will 29 increase exports to the European Union from this state, and 30 WHEREAS, the United States Constitution grants sole 31 authority in regulating commerce with foreign nations to the 32 United States Congress, and 33 WHEREAS, the successful negotiation of a mutually 34 beneficial transatlantic trade agreement will require bipartisan 35 cooperation in the United States Congress and between state, 36 federal, and foreign governments, NOW, THEREFORE, 37 38 Be It Resolved by the Senate of the State of Florida: 39 40 That timely and successful negotiation by the Executive 41 Branch of a comprehensive and mutually beneficial transatlantic 42 trade agreement between the United States and the European 43 Union, leading to enactment of the Transatlantic Trade and 44 Investment Partnership, is supported.