Tuesday, October 06, 2015

SMEs Declare the Importance of Global Trade

The Trans-Pacific Partnership, between the United States, Japan and 10 other countries in the Asia-Pacific region, stands to reduce many of the barriers that smaller businesses struggle with in particular, have reached a final agreement on the largest regional trade accord in history, bubbling up what could be a tough fight for U.S. President Obama because he has to secure approval from Congress.  Further, the deal still has to be ratified by lawmakers in each country.   The TPP would affect 40 percent of the world economy.

Many business leaders -- big and small -- have said that increasing access to international markets would enable them to hire more workers to keep up with new demand.

Need more background on TPP?  Visit Trans-Pacific Partnership - At a Glance and The Trans-Pacific Partnership -- USTR.gov

Read more:  Business Leaders Applaud Trans-Pacific Partnership

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