Transatlantic trade and investment partnership (TTIP)
The opportunities for small and medium-sized enterprises
In the European Union and the United States, small and medium-sized enterprises (SMEs) and start-up enterprises are critical motors of growth and job creation. Ninety-nine percent of European and US companies – over 20 million companies in the European Union and 28 million in the United States – are SMEs. In the European Union, SMEs provide two thirds of all private sector jobs and have a tremendous capacity to create new employment. 85% of net new jobs between 2002 and 2010 were created by SMEs. In the United States, small businesses have provided over half of all jobs and two thirds of all... net new jobs. On both sides of the Atlantic, SMEs are an important source of innovation, new products, and new services. They are already benefitting from transatlantic trade or hope to be able to benefit from it thanks to the TTIP.