Earlier this week, the Business Roundtable released a poll that showed the vast majority – more than 80 percent of Americans – support the United States negotiating trade agreements to expand market access for U.S. goods and services around the globe. In addition, more than 75 percent of Americans support congressional passage of Trade Promotion Authority (TPA) legislation to help Congress and the President work together to put trade agreements in place.
eBay Inc. supports efforts by the federal government to expand U.S. access to the global market, especially for small businesses and entrepreneurs. For decades, the global market has been largely dominated by big business. Small businesses have been largely unable to touch markets outside of their own local communities. However, technology and digital marketplaces, like eBay and PayPal, have completely revolutionized the global market and created opportunities for small businesses to participate in cross border trade.
In fact, a recent study of the eBay marketplace shows the current level of small business cross border trade on our website points to a revolutionary kind of global commerce. Over 90 percent of eBay’s U.S. commercial merchants export, and on average they export to 19 countries. This number is groundbreaking when compared to the less than 5 percent of traditional small businesses that participate in the global market.
Learn more about eBay Inc.’s efforts to promote small business cross border trade.