Trade agreement could help US, EU businesses

American business owners looking to expand across the Atlantic may be excited by a new idea that's being floated around the U.S. government and European Union member states. The deal, currently being called the Transatlantic Trade and Investment Partnership could offer American companies the chance to extend their reach into overseas markets by launching the world's largest free trade alliance.

According to CNN, officials from both regions are hoping to begin negotiations by June. If an agreement can be reached, a deal could be in place within just a few years.

Deal could prove beneficial for both parties 
The prospective deal would have the U.S. and E.U. limit trade barriers that currently make it harder and more expensive to do business abroad and could stimulate the economies of both regions, which have struggled in recent years. A free trade agreement could boost the eurozone economy by 0.5 percent and help grow the American economy by about 0.4 percent by 2027, Reuters reported. 

The optimism on both sides could signal that neither party is eager to repeat failed trade talks started in the early 2000s. The Doha round of world trade discussions was never finalized, which means trade relations have gone unchanged for years and are increasingly outdated. Many think it's time to update these regulations and allow business owners the opportunity to expand overseas - good news for entrepreneurs looking to enhance their operations and revenue streams.

Businesses could need international banking assistance 
Thinking about growing your business operations overseas if such a trade deal goes through? A free trade agreement could certainly make things easier for company owners aspiring to grow, but getting started with operations can sometimes be a trying task, meaning you'll need expert advice and guidance as you enter international markets.

One of the first steps when expanding is to work with a financial institution that understands international banking and is well-equipped to help entrepreneurs with questions about foreign exchange rates and trading issues. While some business professionals may assume only the largest banks can assist with these needs, they may be surprised to learn small and mid-sided operations can provide their companies with the services they need to get their products on worldwide markets and offer them personalized options that fit their firm's unique needs. 

Content presented by Bridge Bank, offering flexible, customized solutions for entrepreneurs.

Getting Started

Find your ideal banker:

Select any filter and click on Apply to see results

Featured Insights

Uber Technologies Inc. continued to make its case that self-driving cars are the...

2017 could be the year several forms of technology disrupt operations across all...

The digital payments sector has ushered in a competitive market as services try...

Every startup wants to achieve unicorn status and draw the interest of investors...

Snap Inc. has filed for a $25 billion initial public offering

According to...

Charlotte, North Carolina, is making a name for itself as a destination for...

According to the San Francisco Chronicle, the app-based delivery service,...

Uber and Lyft are the two dominant ride-sharing platforms in the U.S., but a new...

Technology has played an ever-increasing role in U.S. elections. Candidates have...

Networking is a necessary element for any startup seeking financing. And while...

Recent News

12/08/16
Tech lender announces plans for expansion in Raleigh-Durham after news of recent new...
10/06/16
Our Boston-based client Everbridge, a global software company that provides critical...
09/29/16
Our New Jersey-based client Tabula Rasa HealthCare Inc. (TRHC), a healthcare tech...
09/14/16
This week, our client Sensity Systems, the established industry leader in Light...
09/07/16
SAN JOSE, CA – September 7, 2016 – Bridge Bank today announced the hiring of Michael...
08/23/16
SAN FRANCISCO, CA – August 23, 2016 – Bridge Bank today announced the hiring of...
08/10/16
Atlanta-based software company selects Bridge Bank for its technology industry...
08/08/16
MENLO PARK, Calif. - August 8, 2016 - Bridge Bank’s Equity Fund Resources Group (EFR...
08/02/16
San Jose, CA — August 3, 2016 — Bridge Bank today announced the hiring of Victor Le...
07/25/16
Durham, NC -- July 25, 2016 -- Bridge Bank’s Life Sciences Group (LSG) today...

Twitter

Featured Insights

Featured Insight

Business leaders need to understand their exposure to foreign exchange (FX) volatility and the risk it presents to...

Featured Insight

Success in the world of biotechnology and life sciences requires a level of patience that is foreign to most types...

Featured Insight

Valuations in the venture capital (VC) market are either in decline or flattening out, primarily due to inflated...

Recent News

Uber Technologies Inc. continued to make its case that self-driving cars are the...

2017 could be the year several forms of technology disrupt operations across all...

The digital payments sector has ushered in a competitive market as services try...

Twitter