Today, 18 December, ESBA's UK member, the UK Federation of Small Businesses (FSB) took part in a High Level discussion on the Transatlantic Trade and Investment Partnership (TTIP). The talks, which were hosted by the UK Confederation of British Industry (CBI), were led by the British Prime Minister David Cameron and attended by other European leaders and business organisations. Small firms are increasingly active in international markets so a dedicated Small Business Chapter in the final partnership agreement is of vital importance. Chief Negotiator Froman said: ''whatever we do in TTIP should benefit SMEs''.
A growing number of small businesses are exporting but many miss out on opportunities, as costs of tariffs and bureaucracy are often prohibitive. ESBA believes that by reducing these obstacles as well as speeding up customs procedures, the real potential of small businesses can be unleashed. An EU-US one stop shop will help small businesses with exporting across the Atlantic. TTIP can be a real game changer if we do this together and Think Small First.