Internationally active SMEs yield better results Published on: 13/07/2010, Last update: 28/04/2014
Commission Vice-President Antonio Tajani, responsible for Entrepreneurship and Industry said: “European SMEs still depend largely on their domestic markets despite the opportunities brought by the enlarged single market and by globalisation at large. It's important for our smaller businesses to improve their performance in cross-border and international trade transactions in order to reinforce growth, enhance competitiveness and support the long term sustainability of companies."
25% of EU 27 SMEs export or have exported at some point during the last 3 years.
This is revealed in a new European Commission study available on line. Internationally active SMEs report an employment growth of 7% whereas the figure stood at 1% for those without any international activities. There is also a strong relationship between internationalisation and innovation.