The business sector in Europe believes a deep and comprehensive Transatlantic Trade and Investment Partnership (TTIP) can further enhance this economic relationship and ensure that everyone enjoys the benefits of trade and investment ties more fully.
The document is a summary of the discussion on the Impact of the TTIP in Malta, which took place in Valletta, Malta on 9 March 2015. The meeting was organised together with the Malta Chamber of Commerce, Enterprise and Industry.
Small and medium-sized enterprises (SMEs) are the backbone of the EU economy. According to Commission estimates, the overall contribution of SMEs to EU-27 value added was more than 57% (EUR 3.4 trillion) in 2012. Although the role of SMEs in the EU economy is crucial and their well being should be a priority for European policymakers, they struggle with access to finance, especially in the countries severely hit by the crisis. The Greek experience can and should be taken as a case study and conclusions drawn on how to improve the system for the future.
In 2004 the European Union experienced its biggest enlargement so far, welcoming 10 new Member States. A decade later, members of the Employers' Group representing employers' organisations from these countries summarise the changes that have taken place thanks to accession to the EU.