Louisiana Senate Bill SCR18

Louisiana 2020 Regular Session

• Introduced: 3/11/20
• Passed: 3/16/20
• Engrossed: 3/16/20

Caption

Recognizes April 7, 2020, as "World Trade Day", celebrates the influence of international commerce on the state's economic health, vitality, and growth, and expresses support for the mission of the World Trade Center of New Orleans and trade policies that benefit American consumers and businesses, and ensures that the U.S. remains competitive in global commerce.

Impact

The resolution underscores the essential role international trade plays in Louisiana's economic health and job creation. It states that Louisiana is the fifth largest state exporter in the U.S., with exports constituting a significant portion of the state's total economic output. The resolution points to the potential for substantial job creation from ongoing investments in infrastructure and trade, particularly in key industries such as aerospace, energy, and agribusiness. By promoting the recognition of World Trade Day, the resolution aims to encourage policies that bolster Louisiana’s competitive position in the global marketplace.

Summary

SCR18 is a Senate Concurrent Resolution recognizing April 7, 2020, as the first annual 'World Trade Day' in Louisiana. The resolution celebrates the significant influence of international commerce on the state economy, highlighting Louisiana's position as a key player in global trade. It expresses support for the mission of the World Trade Center of New Orleans and advocates for trade policies that benefit American consumers and businesses. Acknowledging the vital role of international trade, the resolution emphasizes the importance of continued investment in the state's trade-based economy.

Sentiment

The overall sentiment surrounding SCR18 appears positive, as it aligns with the goals of enhancing international trade and economic development within the state. Legislators expressed support for the resolution, recognizing the benefits that a strong trade network can provide for local economies. The celebration of World Trade Day serves as a platform to raise awareness about the importance of trade policies and their favorable implications for both the state and the nation. This initiative is seen as an opportunity to foster collaboration and innovation in commerce.

Contention

While SCR18 has garnered support, there may be underlying tension regarding how trade policies are implemented and their consequences on local communities. As the resolution promotes increased trade, some stakeholders might be concerned about the potential impacts on local businesses or environmental considerations associated with expanded trade activities. Although not heavily contested in public discourse, these concerns reflect a balance that must be achieved between promoting economic growth and protecting community interests.