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Advocacy

SIDO Advocacy

As the platform between U.S. businesses, state trade offices, and federal partners, SIDO aims to reduce the barriers to export and streamline the exporting process. Greater state-federal coordination is vital to avoid unnecessary duplication and particularly important as America is increasingly focused on export-driven growth to remain globally competitive. Overall, SIDO provides state trade offices the tools they need to help U.S. companies export their goods and services to the 95% of consumers living outside the U.S. which contributes to economic growth and supports good-paying American jobs.

Top SIDO Priorities

  • State Trade and Export Promotion (STEP): SIDO supports the continuation and permanency of the STEP program. The STEP program is essential to help coordinate state and federal partners to help small businesses understand the export process, so they can take that first step to sell their products and services in the global marketplace. STEP has historically had a $15 to $1 return on investment.
  • Increase access to financial capital: SIDO supports the existence of capital and financial tools for small businesses like the Export-Import Bank (EX-IM Bank). Many small companies do not have access to private sector export financing, working capital, and export credit insurance. The EX-IM Bank’s services provide these services to small businesses, which make up 90% of its customer base. Moreover, EX-IM Bank makes a profit which it then sends back to the U.S. Treasury.
  • Streamline the export process: Current export regulations are overly complex and difficult to navigate, which has a disproportionate negative effect on small businesses whose resources are limited. Due to the current complexity of domestic regulations, nearly 50% of non-exporters report that they are unsure of where to start if they wanted to start exporting. SIDO aims to work with our federal partners to make it easier for companies to export their goods and services by streamlining export licensing, modernizing customs, and identifying and resolving domestic and foreign regulations that act as barriers to exports.