TTIP will benefit small firms

Friday, 27 March 2015

  • SFA welcomes TTIP Impact in Ireland Report
  • Small Firms will benefit from reduced trade barriers

The Director of the Small Firms Association, Patricia Callan has welcomed the publication this morning by Minister Richard Bruton, TD of the Copenhagen Economics “TTIP Impact in Ireland” report, which shows that SMEs are likely to see a more positive impact than larger firms, as reducing the fixed costs of selling make it easier for them to export into the US.

Callan commented: “TTIP represents a great opportunity for small firms. By reducing trade and regulatory barriers, it will make financial sense for many more small firms to export to the US and for those already exporting to increase their trade volumes. Exporting results in increased productivity, which leads to increased R&D and high quality employment. It is desirable that the TTIP negotiations are concluded as swiftly as possible.”

Callan concluded: “During the next 2 years, it is vital that Government supports are in place through its agencies such as Enterprise Ireland and Bord Bia, to ensure that Irish small firms can successfully enter the US market once TTIP is agreed.”

Ends.

For further information, please contact Patricia Callan, SFA Director, at Tel: 01 605 1602 or 087-6999345, e-mail: patricia.callan@sfa.ie, Twitter: @SFA_IRL
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