TTIP: German SMEs continue to have doubts

Survey: German companies call for changes to free trade agreement
Ohoven: “TTIP must not be allowed to benefit big business only”

German small and medium-sized enterprises are calling for changes to the planned free trade agreement between the European Union and the USA (known as TTIP). A significant majority of companies surveyed currently expects the deal will have a negative impact on the German economy. This is revealed in a members survey carried out by the research institute, Prognos, on behalf of the BVMW (German Association of Small and Medium-Sized Businesses) and the Schöpflin Foundation.

We support TTIP, but not at any price,” says BVMW President, Mario Ohoven. “TTIP must benefit German SMEs – not just the interests of a select few conglomerates,” he stresses. “Moreover,” he continues, “Berlin and Brussels must now make the negotiations fully transparent.” The BVMW President also warns of an imbalance in transatlantic trade. “Unlike Brussels,” he says, “the US government is not in a position to declare technical standards universally binding. We therefore run the risk of creating a one-way street in trade which would effectively allow US companies to sell products in the EU that conform only to US standards; but by contrast would not allow EU companies to sell their EU-compliant products in the USA.

The Prognos research institute was commissioned by BVMW and the Schöpflin Foundation to carry out a survey on TTIP. As part of this project, Prognos surveyed 800 small and medium-sized BVMW member companies. The results are clear: the survey showed that 62 percent of companies questioned expect the impact of the agreement to be either “rather negative” or “very negative”. Only 22 percent anticipate a positive impact. Furthermore, German SMEs are not particularly hopeful that the deal will benefit their own businesses. They currently believe that TTIP will mainly benefit large corporations.

Please find the executive summary and the slides about this study here:

2016-03-10_bvmw-schoepflinstiftung_survey_presentation_en.pdf

2016-03-10_bvmw-schoepflinstiftung_state_of_information_en.pdf

 


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