Obama writes to US eBay sellers urging support for TTIP

US President Barack Obama has written an open letter to eBay sellers that has also been emailled to traders extolling the virtues of TTP (TTIP). You can read his letter here.

TTP (TTIP) is a transatlantic treaty currently being negotiated and it’s considered as controversial by some. Campaigning group 38Degrees is calling on Brits to oppose the treaty. Accounting firm Crunch looks at some of the issues surrounding TTIP that will impact small businesses. Needless to say, it’s a huge document and a complex issue.

Obama is keen that eBay sellers know about the benefits of the treaty and support the US government’s attempts to have it ratified.

He says in the letter: “First, TPP will help preserve a free and open Internet. In the last six years, the number of people connecting to the Internet has nearly doubled to 3 billion, with the fastest growth in developing regions like Southeast Asia. In fact, TPP trading partners are home to over 300 million Internet users, and they’re looking to connect and buy from sellers like you. A free and open Internet will be vital to enabling tens of thousands of American small businesses the opportunity to sell to the full measure of consumers who are connected to the Internet – not just those with a locally-required Internet provider. (After all, a platform like eBay might not exist without a free and open Internet.)

With a chapter dedicated to e-commerce, TPP establishes rules for digital trade that will protect and empower online businesses in the global market. Under this agreement, companies and consumers can access and move data freely without facing arbitrary blocking of websites. Companies won’t have to build expensive and unnecessarily redundant data infrastructure in every market just because they want to sell there. Hate all the paperwork that accompanies doing global business today? TPP also promotes paperless trading—transitioning customs forms from paper to electronic format and providing for electronic authentication and signatures for consumer transactions.”