House Small Business Committee Chairman Sam Graves (R-MO) released the following statement on President Obama’s executive order to expedite the completion of the International Trade Data System by December 2016:
“Although 95 percent of the world’s market exists outside the United States, only one percent of small businesses participate in the international trade process, and this is primarily due to the complicated and duplicative export process,” said Chairman Graves. “The President’s executive order aims to expedite the completion of the International Trade Data System, however, more needs to be done to simplify the export process, so we can improve operational efficiency for those who already export and attract more small businesses that aren’t exporting. I hope the next step we take is to enact export coordination legislation like the Export Promotion Reform Act (H.R. 1409) and the State Trade Coordination Act (H.R. 1926), because more exports from small businesses translate to more jobs and greater economic growth for America.”
Last month, the Small Business Subcommittee on Agriculture, Energy and Trade, held a hearing on this topic with James Sanford, Assistant United States Trade Representative for Small Business, Market Access and Industrial Competitiveness. An August 2013 Government Accountability Office (GAO) report, requested by Graves, showed that the federal government needs to better manage, collaborate and promote trade programs so that export resources can be more efficient, ultimately leading to more small business exports. Last year, Graves and Committee Member Rep. Steve Chabot (R-OH) introduced legislation to reduce some of the key barriers and obstacles faced by small exporters. Both pieces of legislation were reported out of the Foreign Affairs Committee by voice vote on July 24.