SBC Examines How to Help Small Businesses Increase Exports
WASHINGTON – Today, the House Small Business Committee examined the Trade Promotion Coordinating Committee (TPCC) and its efforts to partner with federal, state, and local trade promotion agencies to help provide small businesses with the tools they need in a global marketplace and create new jobs in the United States.
“Unfortunately, many small businesses consider exporting to be out of reach because they believe it is either too expensive or they don’t know how to find overseas customers. Other small businesses that dive into the export process often just give up because the process becomes too confusing and complicated,” said House Small Business Committee Chairman Steve Chabot R-OH).
“These are the real barriers to trade. If small businesses are ever going to be a major player in the global marketplace, we must ensure that they have the tools, knowledge, and confidence to become exporters,” Chabot concluded.
Partners in Commerce: The Trade Promotion Coordinating Committee
“The Federal and State Export Promotion Coordination plan identified opportunities for us to enhance our work, for example: additional international trade specialist training and direct training of exporters; coordination through the Small Business Administration's State Trade Expansion Program (STEP) award process; standardized client referral procedures; and greater utilization of existing partnership programs, among others. The Commerce Department is now working with the other TPCC agencies and our state and local partners to determine how we can move forward on these ideas,” said Patrick Kirwan, Director of the Trade Promotion Coordinating Committee (TPCC) of the International Trade Administration.
“Administrator Linda McMahon believes internal and interagency coordination is essential for us to achieve our small business trade objectives and run an effective and efficient operation in OIT. As a result, over the past few weeks OIT has hosted or participated in a number of interagency trade and commercial policy-focused meetings with the goal of increasing opportunities for U.S. small business exporters,” said Peter Cazamias, Associate Administrator of the Office of International Trade at the United States Small Business Administration.
“With only 1 percent of small businesses exporting, state and federal agencies must work in unison to ensure they are not duplicating efforts and providing the best resources to small firms.Along with increasing the efficiency of the trade programs, the State-Federal Coordination Plan will help identify key gaps in services and resources available,” said Ann Pardalos, Manager of International Trade & Investment Office at the Missouri Department of Economic Development, on behalf of the State International Development Organizations (SIDO).