Small Business International Trade and Competitiveness Act - Amends the Small Business Act to require the Office of International Trade (Office) to cooperate with other relevant Federal agencies, including the Department of Commerce, the Small Business Export Assistance Centers, regional and local Small Business Administration (Administration) offices, the small business community, and relevant State and local export promotion programs to: (1) develop a distribution network for existing trade promotion, trade finance, trade adjustment, trade data collection programs; (2) assist in the marketing of these programs and the dissemination of marketing information to the small business community; and (3) give preference in hiring or transferring personnel fluent in English into the Office. Requires the Office to: (1) cooperate with the Department of Commerce and other relevant agencies, regional and local Administration offices, the Small Business Development Center network, the Small Business Export Assistance network, and State programs to develop mechanisms for identifying subsectors of the small business community with strong export potential, identify areas of demand in foreign markets, prescreen foreign buyers for commercial and credit purposes, increase international marketing by disseminating information about market leads, goods and services produced by small businesses and linking potential sellers and buyers; (2) assist small businesses in the formation of export trading companies, export management companies and research and development pools; (3) work with other Federal agencies, the Administration's local and regional offices, the Small Business Export Assistance Center network, and the private sector to identify existing foreign language translation services; (4) work closely with the Department of Commerce and other relevant Federal agencies to collect and analyze data regarding the small business share of U.S. exports and the nature of State exports, make recommendations to the Secretary of Commerce and to the Congress regarding revision of the SIC code, improve the utility and accessibility of existing export promotion programs for small businesses, and increase the accessibility of the Export Trading Company contact facilitation service; and (5) make available to the small business community information regarding conferences on exporting and international trade. Requires the Office to work with the Export-Import Bank, the Department of Commerce, and the States to develop a program through which export specialists in the regional and district offices of the Administration, regional and local loan officers, and Small Business Export Assistance Center personnel can facilitate the access of small businesses to relevant export financing programs of the Export-Import Bank and to export and preexport financing programs available through the Administration and the private sector. Directs the Office to cooperate with the Export-Import Bank and the small business community to: (1) market existing Administration export financing and preexport financing programs; (2) identify financing available under various Export-Import Bank programs; (3) assist in the development of financial intermediaries; (4) promote greater participation by private financial institutions in export finance; and (5) provide for the participation of Administration personnel in training programs conducted by the Export-Import Bank. Directs the Office to: (1) cooperate with other Federal agencies and the private sector to counsel small business on proceedings related to the United States trade laws; and (2) cooperate with the Department of Commerce, the United States Trade Representative, and the International Trade Commission to increase access to trade remedy proceedings for small businesses. Requires the Office to report to the House and Senate small business committees on the implementation of the above provisions. Authorizes appropriations to the Small Business Administration to conduct a National Seminar on Small Business Exports for FY 1988 and 1989. Authorizes the Administration to provide extensions and revolving lines of credit for export purposes and for preexport financing to enable small business concerns to develop foreign markets. Limits extensions and revolving lines of credit to 18 months. Requires the Administration, when considering loan or guarantee applications, to consider export-related benefits. Authorizes appropriations to the Administration for FY 1988 and 1989 for Small Business Development Centers. Requires the Small Business Development Centers to work with the Administration's regional and local offices, the Department of Commerce, appropriate Federal, State, and local agencies and the small business community to disseminate and service delivery mechanisms for existing trade promotion, trade finance, trade adjustment, trade remedy, and trade data collection programs of particular utility for small businesses. Revises requirements with respect to loans from the Administration to small businesses. Requires the Administrator of the Small Business Administration to report to the House and Senate small business committees on the advisability of amending the Small Business Innovation Research program to: (1) increase each agency's share of research and development expenditures devoted to it by 0.25 percent per year until a goal of three percent is achieved; (2) make the Small Business Innovation Research Program permanent with a formal congressional review every ten years, beginning in 1993; (3) allocate a share of each agency's Small Business Innovation Research fund for administrative purposes for effective management, quality maintenance, and the elimination of program delays; and (4) include within the Small Business Innovation and Research program all agencies expending between $20,000,000 and $100,000,000 in extramural research and development funds annually. Requires the Administrator to submit to specified congressional committees a report that would: (1) analyze the possible effect of increased outsourcing and other shifts in production arrangements on small firms within the subcontractor tier; (2) assess the impact of specific economic policies, including, but not limited to, procurement, tax and trade policies, in facilitating outsourcing and other international production arrangements; and (3) make recommendations on Government policy that would improve the competitiveness of smaller U.S. subcontractors. Requires the Comptroller General to conduct a study and submit a report to specified Congressional committees on: (1) the costs incurred by small businesses to institute import relief actions under the trade laws; and (2) the extent of assistance provided to small businesses by the Trade Remedy Assistance Office. Requires the Administration to conduct a National Seminar on Small Business Exports within one year following enactment of this Act. Provides that the Conference will bring together experts in international trade and small business development and representatives of small businesses, trade associations, the labor community, academic institutions, and Federal, State, and local governments. Expresses the sense of the Congress that the United States Trade Representative should appoint a special trade assistant for small business.