At Home, The U.S. Small Business Administration (SBA) Is Working Hard To Make It Easier For People To Start Their Own Companies. Since the President came into office, the Administration has doubled the number of small business loans and increased the number of loans to minority entrepreneurs by 175 percent.
Abroad, The Administration Is Opening Markets. Small businesses account for about a quarter of America's exports and have great potential for expanding their sales overseas, but the cost of doing business overseas is often too high for small firms.
Small businesses need markets to be open and easy to navigate, which is why the President has concluded free and fair trade agreements around the world. When the President took office, the United States had three free trade agreements. Now we have free trade agreements with 11 countries and 18 more are pending - and the President is pushing for an ambitious conclusion to the Doha round of world trade talks.
Making It Easier For Small Businesses To Export Also Means Ensuring America's Trading Partners Play By The Rules. Next week, the President will welcome President Hu Jintao of China to the White House. America values China as a trading partner but also expects China to live up to its commitments. By standing up for free and fair trade, America will contribute to China's development and ensure a level playing field for American business.
The President Has Proposed Bold Initiatives To Keep America The Best Place In The World To Do Business.