The majority of small business owners (71%) believe that increasing global trade has the potential to improve the United States economy, according to the newly released FedEx Trade Index.
Click on the image below to review the survey results in detail:
Photo courtesy: FedEx
Further, 77% of those surveyed view expanding trade in an overall positive light. For those already engaged in international trade, that figure jumps to 90%. More than two-thirds (69%) are hopeful that increased global trade will lead to more jobs domestically.
“Even during this time of intense debate about the benefits of trade, these results indicate American small business leaders see increasing global trade as a way to help the U.S. economy as a whole, as well as their businesses,” said Raj Subramaniam, executive vice president, FedEx Services in a written statement.
Small businesses that engage in global trade are more likely to grow faster and to hire more employees than those that don't. These same business people are more likely to support Trans-Pacific Partnership (TPP) agreement, with nearly half being supportive compared to just 35% of U.S. voters.
“FedEx is a strong supporter of the TPP agreement because it will help small businesses in the U.S. expand their exports by eliminating tariffs and streamlining customs procedures, while at the same time contributing to new opportunities and jobs for American workers,” said Subramaniam.
The FedEx Trade Index will periodically survey over 1,000 small business leaders to track the impact of international trade among the small business segment of the U.S. economy, the company said. The survey was commissioned by FedEx and conducted by Morning Consult.
Take a look at the infographic below for more of the survey results. Let us know your thoughts on these trends in the comments section below.