EU Report Confirms SMEs to Benefit from TTIP

Chambers Ireland has welcomed today’s (20/04/15) EU Commission report which identified a number of barriers currently faced by SMEs when trying to trade with the US, barriers which would be eased through the implementation of the Transatlantic Trade and Investment Partnership.

Speaking today, Ian Talbot, Chief Executive, Chambers Ireland said, “The findings of this report confirm what we have been saying for a number of months – that reducing non-tariff trade barriers are likely to be more of an opportunity for SMEs’ to export than for large firms. TTIP will address a number of barriers currently faced by SMEs including complex customs procedures and burdensome regulatory compliance.” 

“The report also highlighted a significant knowledge gap for SME’s in the area of regulation. This gap would be addressed by the inclusion of an ‘SME Chapter’ in the agreement, something for which Chambers Ireland have consistently called,” he concluded.

The report can be accessed here.

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For further information contact Amy Woods, Chambers Ireland on 01 400 4319, 086 6081605 or email amy.woods@www.chambers.ie