International trade is a critical component for the long-term growth and viability of small businesses and the U.S. economy overall. Every year, US exports generates trillions of dollars in revenue and supports more than 10 million jobs.
Exporting provides small businesses with the opportunity to reach new markets, increase revenue, grow their business, and ultimately create needed jobs. Increasing small business exports continues to be a top priority for both United States lawmakers and the federal government. While nearly 300,000 small businesses are currently exporting to foreign markets, many small businesses face significant challenges in getting their goods and services abroad because they do not have the knowledge, resources, or capital to navigate the trade process; therefore, they simply do not export.
Congress must remain focused on leveraging existing federal, state, and local resources to increase American exports. Through greater coordination of federal agencies, strengthening partnerships between key players in the trade process, and more effectively providing tools and information to small businesses, more small firms are encouraged to participate in the global marketplace.
Additionally, it is essential that Congress continue to work directly with the Administration to ensure that small business growth is given the attention it deserves as America strengthens and enforces existing trade deals and negotiates new ones. The benefits of exporting are clear. Congress must be focused on opening new markets, ensuring fair trade, and making the overall trade process easier for small businesses.