NSBA Endorses TPP DealDecember 9, 2015
Washington, D.C. – The National Small Business Association (NSBA) and Small Business Exporters Association (SBEA) have formally endorsed the Trans-Pacific Partnership (TPP), a trade deal that stands to improve small-business access to foreign markets. Following a rigorous analysis and discussion over the final details of the deal, the NSBA leadership concluded that, while not perfect, the TPP will dramatically reduce the complexity and number of foreign tariffs currently facing U.S. products and services by the various countries involved. These barriers often have a disproportionately negative effect on smaller companies.
Below is a statement on the TPP from NSBA President and CEO Todd McCracken.
“The TPP is a positive step forward for U.S. exporters, and particularly small firms who often face insurmountable hurdles to exporting their goods and services.
“We were especially pleased with the TPP’s inclusion of a chapter dedicated solely to small- and medium-sized enterprises and believe it sets up a sound mechanism for engaging small exporters throughout the deal to ensure their needs are fairly represented.
“We anticipate the TPP will 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 TPP can break down many barriers that prevent small firms from expanding their businesses globally.
“NSBA and SBEA congratulate the participating countries on a successful conclusion to their negotiations, and urge Congress to give the appropriate time and consideration to a trade deal of this magnitude.”
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 www.nsba.biz or follow us at @NSBAAdvocate.