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Reported on Tue, 14 Feb 2006

UK businesspeople and entrepreneurs should consider the benefits of a business loan, with a key EU business directive set to be decided this week.

A coalition of UK businesses has called on MEPs to get behind a new EU directive that aims to improve cross-border trading conditions for small and medium sized enterprises (SMEs).

The Services Directive, which first appeared following the Lisbon reform agenda of 2000, suggests guidelines for removing trading obstacles across national borders.

The British Chambers of Commerce (BCC), the Federation of Small Businesses and the Institute of Directors are all pledging their support to the directive, with voting due to take place on February 16th.

David Frost, director general of the BCC, explained that the most important aspect of the directive was its controversial ruling on country of origin regulations.

"The country of origin principle is key. It will allow SMEs to trade freely across borders without imposing additional regulatory burdens on those that choose to trade only nationally," he said.

A low-rate business loan is a great way to expand business interests and increase productivity.
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