By Davidh Exporting is one of the most effective ways for small firms to expand their markets and grow their businesses. In 2013, President Obama announced that the United States would begin negotiating a comprehensive Transatlantic Trade and Investment Partnership (T-TIP) with the European Union. Why T-TIP Would Benefit the Economy United States and EU are each other’s largest economic partners, with two-way merchandise trade of $650 billion and $3.8 trillion in foreign direct investment directly supporting more than 13 million jobs in both the United States and the EU. For small companies, the EU represents a considerable market, with over 94,000 U.S. small businesses exporting there in 2011. A successful T-TIP would slash red tape, cut costs, increase trade and investment and support new jobs on both sides of the Atlantic while upholding rules that protect people and the environment. In order to best represent U.S. SMEs in the negotiations, SBA has actively engaged with the Office of the United States Trade Representative (USTR) to expand export opportunities and enhance cooperation with the EU to help even more SMEs benefit from increased transatlantic trade and investment. The goal of the effort is to represent American SMEs by documenting trade […]
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