HM 1531 2022 CODING: Words stricken are deletions; words underlined are additions. hm1531-00 Page 1 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S R E P R E S E N T A T I V E S House Memorial 1 A memorial to the Congress of the United States and 2 the President of the United States encouraging 3 Congress to reenact Trade Promotion Authority laws to 4 guide the executive branch, urging the executive 5 branch to negotiate a comprehensive and mutually 6 beneficial free trade agreement between the United 7 States and the United Kingdom, and urging Congress to 8 ratify such agreement. 9 10 WHEREAS, the United States is the United Kingdom's largest 11 single-country trade partner with a relationship valued at over 12 $200 billion; both countries are each other's largest foreign 13 direct investors, having approximately $1 trillion invested in 14 each other's economies; and the UK -US Trade and Investment 15 Working Group has laid the groundwork to strengthen trade and 16 investment ties for the present and in the future, including 17 through the use of a free trade agreement, and 18 WHEREAS, expansion of global trade, especially with the 19 United Kingdom, is of vital importance to the growth of the 20 United States' economy, small business participation in the 21 international marketplace, and job creation, and 22 WHEREAS, the state would benefit greatly from the 23 ratification of a comprehensive free trade agree ment, which, 24 since the United Kingdom is currently the largest foreign direct 25 HM 1531 2022 CODING: Words stricken are deletions; words underlined are additions. hm1531-00 Page 2 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S R E P R E S E N T A T I V E S employer in the state and is the second largest market for 26 tourism, would create employment opportunities for residents of 27 the state as a direct result of removing and reducing b arriers 28 to trade and free markets, and 29 WHEREAS, the successful implementation of a free trade 30 agreement will increase exports to the United Kingdom from the 31 state, and 32 WHEREAS, the United States Constitution grants the United 33 States Congress exclusive au thority to regulate commerce with 34 foreign nations, and 35 WHEREAS, the negotiation of a successful free trade 36 agreement between the United States and the United Kingdom will 37 require bipartisan cooperation between state, federal, and 38 foreign governments, NOW, THEREFORE, 39 40 Be It Resolved by the Legislature of the State of Florida: 41 42 That Congress of the United States is requested to reenact 43 Trade Promotion Authority laws to guide the executive branch in 44 pursuing trade agreements, the executive branch is requ ested to 45 complete a timely and successful negotiation of a comprehensive 46 and mutually beneficial free trade agreement between the United 47 States and the United Kingdom, and the Congress of the United 48 States is further requested to ratify such agreement. 49 HM 1531 2022 CODING: Words stricken are deletions; words underlined are additions. hm1531-00 Page 3 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S R E P R E S E N T A T I V E S BE IT FURTHER RESOLVED that copies of this memorial be 50 dispatched to the President of the United States, to the 51 President of the United States Senate, to the Speaker of the 52 United States House of Representatives, and to each member of 53 the Florida delegation to the United States Congress. 54