October 21, 2020
Monday, December 22, 2014
Enterprise Florida-led trip provided companies with access to global markets
ORLANDO, FL – Today, Secretary of Commerce and Enterprise Florida (EFI) president and CEO Gray Swoope announced that the EFI-led trip to Singapore-Malaysia resulted in more than $49 million in total projected sales for 18 Florida companies. The mission provided the companies with networking opportunities and face-to-face appointments with the top businesses in this leading global marketplace.
Secretary Swoope said, “We understand the importance of international trade and development in Florida, and the mission to Singapore and Malaysia helped in sustaining and strengthening Florida’s global economic connections. Florida’s products and services are being used around the world. On this mission, companies were given even more opportunities to connect with trade partners and expand into more global markets. I congratulate the participating companies on their success.”
The mission to Singapore and Malaysia took place September 19-26 and visited Singapore and Kuala Lumpur, Malaysia. The mission consisted of 25 participants representing 18 companies from throughout Florida. Many of these companies participated in the Gold Key program in Singapore with one and a half days of one-on-one business appointments. In Malaysia, several companies participated in the Gold Key program. The U.S. Department of Commerce, U.S. Commercial Service Offices (USCS) at the U.S. Embassies in Singapore and Kuala Lumpur served as our official partners and arranged more than 300 total appointments.
In addition to the Gold Key meetings, EFI and the USCS arranged a full agenda in partnership with the U.S. Embassies, the American Chamber of Commerce Singapore and the American Chamber of Commerce Malaysia.
The participating Florida companies included:
Edward Ciampi, Vice President of Sales for Chicago Stainless Equipment Inc. said, “This is my second mission trip with Enterprise Florida. Both have been fantastic. This trip is going beyond my expectations. The number of appointments and the quality of each have been great. I was concerned about traveling to this part of the world but EFI had everything so well planned and executed it has been pleasure. I have shared my positive experiences with many of my Florida business friends – the trip could not have been better.
Laura Acosta, Genicon, Inc. said, “The experience and work of the team of Enterprise Florida and US Commercial Service was excellent. The support and organization of the export sales mission help us to locate good prospects of companies with a high interest on our products. They provided us the necessary information and assistance in Singapore, excellent presentations and we felt very welcome in this beautiful city. It created a great impact and future business, not only in Singapore but other countries.
Singapore offers excellent opportunities for Florida companies to sell their products and services, as the country is virtually a free port. Singapore is a major trading hub, importing and exporting products from consumer goods to high-tech and industrial goods. In 2013, Florida exported more than $237 million of manufactured goods to Singapore.
Geographically blessed, peninsular Malaysia stretches the length of the Strait of Malacca, one of the most economically and politically important shipping lanes in the world. In 2013, Florida exported about $69 million of manufactured goods to Malaysia.
EFI maintains an extensive schedule of overseas trade missions and exhibitions worldwide. In fiscal year 2013-14, EFI hosted 17 major international trade shows and missions with 724 participants generating more than $820 million in total projected export sales by Florida companies.
International trade and foreign direct investment accounted for about one-sixth of the state’s economic output last year and supports an estimated one million jobs. Florida has the highest trade surplus among all states, with total trade exports plus imports hitting a record of $162.2 billion. Florida has a number of strengths to leverage, including one of the fastest-growing international economies, strong air and seaport infrastructure, and a large and well-qualified multicultural workforce. Learn more about Enterprise Florida’s export assistance programs.
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Enterprise Florida, Inc. (EFI) is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for the state of Florida. EFI facilitates job growth for Florida businesses through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses.