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Small and Medium-Sized Enterprises in International Economic Law$
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Thilo Rensmann

Print publication date: 2017

Print ISBN-13: 9780198795650

Published to Oxford Scholarship Online: June 2017

DOI: 10.1093/acprof:oso/9780198795650.001.0001

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SME Provisions in Trade Agreements and the Case of TTIP

SME Provisions in Trade Agreements and the Case of TTIP

(p.165) 6 SME Provisions in Trade Agreements and the Case of TTIP
Small and Medium-Sized Enterprises in International Economic Law

Martina Lodrant

Lucian Cernat

Oxford University Press

Recent evidence has highlighted that small and medium-sized enterprises (SMEs) are more important for EU trade performance than previously thought. They already account for over 80 per cent of exporting enterprises and a third of direct EU exports. Yet, much untapped potential still exists, if trade barriers affecting SMEs could be reduced. The EU–US negotiations on the Transatlantic Trade and Investment Partnership (TTIP) offer a great opportunity for existing and potential SME exporters to expand their business across the Atlantic. This chapter examines the role of trade agreements in tackling the constraints on SME exports, focusing particularly on the relevance of provisions specific to SMEs. It offers a comprehensive overview of SME-specific provisions in existing EU and US trade agreements. Finally, a number of policy areas are identified where new SME-specific provisions (eg trade facilitation, services, procurement, transparency, etc) could be considered by TTIP negotiators.

Keywords:   SMEs, TTIP, trade negotiations, FTAs, EU, US

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