New Export Initiative Launched by SBA and the US Trade Representative

SAN FRANCISCO – Bay area businesses currently exporting to the European Union (EU) will have an opportunity to voice their concerns on existing barriers to trade with the EU at a public hearing in Silicon Valley on September 26, 2013.

The hearing will be held as part of broader outreach efforts under the recently launched U.S.-EU Transatlantic Trade and Investment Partnership (TTIP) negotiations.  The objective of the public hearing is to listen to and better understand small business’ suggestions on how to reduce and eliminate those barriers, and help expand U.S. small business exports to the EU.

Who: Small and Medium-sized Enterprises (SMEs) in Northern California that export to the EU, which could include (but are not limited to) companies providing high-tech and bio-tech products and services, as well as those in the wine, olive oil, fruit, nut, and other agricultural industries

What: Public Hearing

When: 9:30 am, Thursday, September 26, 2013

Location: NASA Ames Research Center, NASA Research Park, Building 152, Room 171, 200 Dailey Road, Moffett Field, CA

Registration & Questions: sme@usitc.gov

The transatlantic economic relationship is already the world’s largest, accounting for one third of total goods and services trade and nearly half of global economic output, while supporting 13 million U.S. and EU jobs.

The hearing was commissioned by the Office of the United States Trade Representative (USTR), which asked the U.S. International Trade Commission (USITC) to conduct a study on the existing trade barriers that disproportionately affect U.S. small business exporters.  Since the President’s National Export Initiative (NEI) goal to double exports by the end of 2014 has focused on increasing the current base of 295,000 small business exporters, an increase in small business participation could result in expanded trade between two regions whose two-way trade already exceeds $630 billion. 

The San Francisco SBA District Office covers Alameda, Contra Costa, Del Norte, Humboldt, Lake, Marin, Mendocino, Napa, San Francisco San Mateo, Santa Clara, Santa Cruz, Solano, and Sonoma Counties. In Fiscal Year 2012, the District guaranteed over 1,500 small business loans valued at $807 million.  125 banks, credit unions and community lenders participated in this program. Annually, the San Francisco District Office cohosts over 1,000 training events for over 50,000 Bay Area small businesses or prospective businesses from SBA resource partners.

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