US-EU Trade Deal Could Spell Bad News for Small Business – EC Report

Monday, April 20, 2015
By Paul Martin

Europe’s small and medium-sized enterprises (SMEs) stand to benefit the most from a EU-US free trade zone currently under negotiation, but several areas of concern face businesses, European Commissioner for Trade Cecilia Malmstrom announced in a press briefing in Brussels Monday.

MOSCOW (Sputnik) – The ninth round of negotiations regarding the controversial Transatlantic Trade and Investment Partnership (TTIP) is due to begin in New York.

“The challenge of complying with technical rules and regulations for all goods is the most frequently cited issue. In some cases, EU SMEs say they are legally excluded from the market,” the report states.

In an online survey of 869 European companies, respondents in manufacturing industries highlighted sector-specific rules, while those in the service sector pointed to movement restrictions.

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