Key Findings in New Report by U.S. International Trade Commission Identifies Trade Barriers That Disproportionately Affect SME Export Performance
by GSI Staff December 02, 2010
U.S. International Trade Commission (USITC) released the report, Small and Medium- Sized Enterprises: Characteristics and Performance, that highlights the larger than expected role of small and medium sized enterprises (SME) in the export economy, as well as specific trade barriers that disproportionally affect these companies.
“Small- and medium-sized businesses account for approximately 40 percent of all export-supported jobs in the United States,” said U.S. Trade Representative Ron Kirk who requested this study from the USITC to help guide trade policy. “Under the Obama Administration, we are committed to helping small businesses increase their sales to foreign customers…We will use our enhanced understanding of SME challenges and opportunities, while negotiating with foreign governments to open their markets and reduce trade barriers, to benefit American workers and businesses of all sizes.”
The report lists key findings including SME performance measures comparing exporters to those firms who do not export, and specific barriers to trade that effect their performance.