TPP Deal Good for Small Business

pic-globe-export-tech.smFOR IMMEDIATE RELEASE
Oct. 5, 2015

Molly Day

Washington, D.C. – The National Small Business Association (NSBA) and Small Business Exporters Association (SBEA) applaud today’s groundbreaking approval of the Trans-Pacific Partnership (TPP), a trade deal that stands to improve small-business access to foreign markets. The TPP, while not yet publicly available in full, is estimated to eliminate more than 18,000 tariffs currently put on U.S. products and services by the various countries involved.

Below is a statement on the TPP from NSBA President and CEO Todd McCracken.

“Although the full text has not yet been made publicly available, we are encouraged by the information we’ve seen; the TPP appears to be a positive step for small firms, particularly the inclusion of a chapter dedicated solely to small- and medium-sized enterprises..

“The TPP is expected to ease the cost and complexity for small firms doing business in TPP countries. Exporting continues to be a sought-after avenue for many small firms, and trade deals such as NAFTA or TPP break down many barriers that prevent small firms from expanding their businesses globally.”

“NSBA and SBEA look forward to a detailed analysis of the agreement during the review period, and congratulate the participating countries on a successful conclusion to their negotiations

“According to the NSBA/SBEA 2013 Small Business Exporting Survey, there has been a marked increase among non-exporters who said they would be interested in starting to export their goods and/or services from just 43 percent in 2010 to 63 percent in 2013. These kind of broad trade deals are critical to ensure exporting interest can be fully realized among small firms.”

Celebrating more than 75 years in operation, NSBA is a staunchly nonpartisan organization advocating on behalf of America’s entrepreneurs. SBEA is the largest and oldest nonprofit association in the country dedicated exclusively to small- and mid-size exporters. NSBA’s 65,000 members represent every state and every industry in the U.S. Please visit or follow us at @NSBAAdvocate.