Abstract
Only 0.7% of European SMEs export to the United States and the value of exported goods and services is less than 2% of the added value produced by European SMEs as a whole.Yet despite the relative lack of importance of transatlantic trade for European SMEs, TTIP could have a seriously de-stabilising effect on them by (i) significant diverting inter European trade (which represents the bulk of the SME exporting) to the USA (ii) encouraging the importing of cheap American products and (iii) supporting large groups to enter European markets in which SMEs are strong.
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