Where do you stand in the intense election-year debate about the benefits of global trade — the fundamental exchange of goods and services between the U.S. and other countries? Regardless of what the presidential candidates think, if you’re a small-business owner, chances are you believe in the benefits of a world connected through trade.
The new FedEx Trade Index says that 7 in 10 U.S. small businesses see global trade as improving the U.S. economy. More than 90 percent of executives of small businesses that already trade internationally view expanding trade in a positive light overall.
“These results indicate that American small-business leaders see increasing global trade as a way to help the U.S. economy as a whole, as well as their businesses,” says Raj Subramaniam, Executive Vice President, Marketing and Communications, FedEx Corporation.
“With today’s online digital economy, America’s international exports are increasingly being driven by small and medium-sized businesses who are taking their skills, passions and products to global markets,” Subramaniam says. “That puts small businesses on equal footing with larger companies, provided they have access to opportunity. One of the most effective ways to increase trade opportunities is through trade agreements.”
Look no further than Blue Nile, the world’s largest online diamond retailer, which has benefited greatly from global trade. The Seattle-based business expanded its market to 25 countries in 17 years, most recently to the United Arab Emirates and China. The company’s goal is to double its growth in three to five years.
This fall, Congress is expected to consider the Trans-Pacific Partnership (TPP), the agreement negotiated with 11 countries that will make U.S. products more competitive by reducing tariffs and will create more opportunities for small businesses by streamlining trade rules. Join the dialogue on the benefits of global trade by sharing the results of the FedEx Trade Index.
The FedEx Trade Index is a series of national surveys commissioned by FedEx and conducted by Morning Consult. It will periodically survey more than 1,000 small-business leaders to track the impact of international trade among the small-business segment of the U.S. economy. The next survey will be conducted after the U.S. presidential election.
Tell Us Your Opinion
- How have global connections benefited you or your business?