The EU and the US economies account together for about half the entire world GDP and for nearly a third of world trade flows; in 2013 alone the EU and the US traded €105 billions’ worth of goods and services. The transatlantic relationship also defines the shape of the global economy as a whole. Either the EU or the US is the largest trade and investment partner for almost all other countries in the global economy.
With this relationship set to become even stronger, at the recent SME Assembly in Naples we brought together senior politicians from both sides of the Atlantic to debate respective EU and US priorities for driving SME growth and the benefits for SMEs of a Transatlantic Trade and Investment Partnership (TTIP).
Anthony L. Gardner, US Ambassador to the EU, and Daniel Calleja, EU SME Envoy & Director General for Enterprise & Industry, discussed ways of shaping the TTIP to ensure that SMEs reaped benefits from any potential deal. During the second hour, negotiators from the European and American sides were joined by SME owners and managers to discuss the current state of play of negotiations and debate the specific issues affecting SMEs.