SOCMA Supports Bills to Bolster Small Business Exports
FOR IMMEDIATE RELEASE
May 10, 2012
Assistant Manager, Public Relations & Media
Washington, DC – The Society of Chemical Manufacturers and Affiliates (SOCMA) today announced its support for two pieces of legislation aimed at bolstering small business exports by providing these companies with direction and insight they need to navigate this complex process and increase their business opportunities.
On Monday, House Small Business Committee Chairman Sam Graves (R-MO) and Agriculture, Energy and Trade Subcommittee Chairman Scott Tipton (R-CO) introduced the Export Coordination Act of 2012 (H.R. 5393) and the Transparent Rules Allow Direct Exporting (TRADE) for Small Businesses and Jobs Act (H.R. 5513), respectively. These bills not only would encourage more small businesses to export their products, but they clearly outline the role of various federal agencies in each part of the export process and provide them with a better grasp of foreign regulations.
“Over sixty percent of our members are small businesses, many of which manufacture highly specialized products that are not produced anywhere else in the world, which makes these two pieces of legislation potentially meaningful to them,” said Bill Allmond, SOCMA’s Vice President of Government and Public Relations. “The timing is also ideal, as our members seek to expand their presence in the global marketplace,” he said. “We commend Representatives Graves and Tipton for introducing legislation that will help simplify the process for small companies to export their products.”
Additionally, the Export Coordination Act of 2012 would provide a detailed listing of current and future federal and state-led trade missions, trade fairs and related activities and create stronger congressional oversight of trade programs. And, the TRADE for Small Business Jobs Act would provide a one-stop source to monitor changes in foreign regulations and trade barriers.
SOCMA is the only U.S.-based trade association dedicated solely to the batch, custom and specialty chemical industry. Since 1921, we have represented a diverse membership of small, medium and large chemical companies, making us the leading authority on this sector. SOCMA has a global membership of 220 companies, which employ more than 46,000 workers in the U.S. alone. The value of the products and services provided by SOCMA members is $24 billion, and the industry’s impact on the U.S. GDP is upwards of $2.9 trillion. For more information about our industry, please visit www.SpecialtyManufacturing.org.