PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Advocate for Entrepreneurs Responds to USTR Announcement on Trade Negotiations with the EU, Japan and Great Britain

By at 16 October, 2018, 7:42 pm

NEWS

For Immediate Release

Washington, D.C. – On October 16, the United States Trade Representative (USTR) officially notified Congress about the Trump Administration’s intention to negotiate separate trade agreements with the European Union (EU), Japan and Great Britain. The nation’s leading advocate for entrepreneurs cheered the move, as removing barriers in these key markets will be immensely beneficial to America’s small businesses.  Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan said:

“Japan, Great Britain and the EU are sizable and attractive markets offering significant opportunity for U.S. entrepreneurs to sell their product and services. These trade agreements will strengthen political and economic ties with our allies, and build business relationships that benefit growth, investment, quality job creation and entrepreneurship for all nations. Entrepreneurs operate in a platform-based economy where technology has made it much easier to go global. Still, rules must change and barriers lowered to fully leverage these tools. SBE Council applauds President Trump and his team for pursuing these agreements with the EU, Japan and Great Britain to ease market entry and promote opportunity for America’s entrepreneurs and small businesses.”

SBE Council will engage with USTR and plans to provide comments about how these trade agreements can more fully benefit small businesses. The organization and its members will also take part in public dialogs hosted by USTR and other government entities.

Small Business Role in Trade

As noted by SBE Council, U.S. small to mid-size businesses are dominant when it comes to trade. These firms comprise 97.6 percent of all identified exporters and 97.2 percent of all identified importers. (Census Bureau 2015)

CONTACT:  Karen Kerrigan, kkerrigan@sbecouncil.org

SBE Council is a nonpartisan, nonprofit advocacy, research and education organization that works to protect small business and promote entrepreneurship. For nearly 25 years SBE Council has worked to successfully implement a range of policy and private sector initiatives to strengthen the ecosystem for startups and small business growth. To learn more, visit SBE Council’s website: www.sbecouncil.org. Follow on Twitter: @SBECouncil

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