Enhancing the Participation of MSMEs in International Trade. PTIC-Geneva

21 June 2016, Geneva – The Philippines, Lao PDR, Malaysia, Brunei Darussalam, Singapore and Thailand, together with the International Trade Center (ITC) organized a WTO workshop on “Enhancing the Participation of Micro, Small, and Medium Enterprises (MSMEs) in International Trade.”

The Philippines has been headstrong in its MSME advocacy and has successfully launched the Boracay Action Agenda to Globalize MSMEs in Global Trade and the Ilo-Ilo Initiative as the host APEC 2015. The Philippines has also taken this advocacy to the main trade body – the WTO.

The workshop is a continuation of the dialogue that the Philippines has undertaken in 2015 to bring MSMEs front and center in trade policy discussions. “The workshop created another opportunity to enhance our awareness of the role of MSMEs in international trade. We were able to share experiences and identify best practices, success factors and challenges related to the participation of MSMEs in international trade. The intention of the workshop was to offer the WTO Members the best source for this information, which is why, the Philippines has arranged for a peer-led exchange by people who work directly with MSMEs, complemented by expert input” – said Philippine Mission to the WTO Ambassador, Esteban Conejos,Jr.

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DG Azevêdo welcomes efforts to boost trade opportunities for small businesses

Director-General Roberto Azevêdo attended a workshop today (21 June) on micro, small and medium enterprises (MSMEs), focused on enhancing their participation in international trade. The event was organized by the permanent missions of the Philippines, Lao PDR, Malaysia, Brunei Darussalam, Singapore and Thailand, supported by the International Trade Centre (ITC).

The discussion focused on the specific barriers that MSMEs face in the global trading system and what steps could be taken to lower those barriers.

WTO Director-General Roberto Azevêdo said:

“This is a very important issue. MSMEs are responsible for the largest share of employment opportunities in most economies — up to 90% in some countries — and they are big employers of women and young people. At the domestic level MSMEs have major economic importance, but their participation in trade simply doesn’t match up. This is true in both developing and developed countries. So it seems that we may be missing a significant opportunity.

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Enhancing the participation of Micro, Small and Medium Enterprises (MSMES) in international trade

A workshop organized by the Permanent Missions of the Philippines, Lao PDR, Malaysia, Brunei Darussalam, the Republic of Singapore and Thailand with the International Trade Centre (ITC)

Small and medium-sized enterprises (SMEs) constitute the overwhelming majority of firms and are a major source of employment in the economies of WTO members. Globally, SMEs make up over 95% of all firms, account for approximately 50% of value added and 60% of total employment (ACCA, 2010; Ayyagari et al., 2011; Edinburgh Group, 2013).

Micro enterprises, the smallest component of the SME sector, are increasingly the largest sources of employment in many developing countries, especially for women and youth.

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PH startups showcase innovative solutions in CommunicAsia2016

The Philippines recently participated in CommunicAsia2016 at the Marina Bay Sands Expo in Singapore featuring local startups selected by the Philippine Department of Science and Technology – Information and Communications Technology Office (DOST-ICTO).

The line-up includes Advanced World Solutions, Inc., GiftIt, Good Meal Hunting, InnoVantage, Launch Garage, MEDIFI, Orchestrack, ProudCloud and TicketBase which showcased creative and innovative solutions in online food marketplace for home-based cooks, TV and radio advertising monitoring and analytics, web development, social gifting, and remote doctor-patient consultation, among others.

“We are excited to again take the lead in the Philippine participation in CommunicAsia2016. We look at CommunicAsia as an excellent venue for highlighting Philippine digital innovations. This year, we featured several Filipino digital startups who we believe will eventually become big players in the region,” said DOST-ICTO Deputy Executive Director Monchito Ibrahim.

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BOI passes compliance stage at PGS Revalida, bags Silver Governance Trailblazer Award

The Philippine Board of Investments (BOI) successfully passed the Compliance Stage of the Performance Governance System (PGS) during a Public Revalida at Bayanihan Center in Pasig City on Friday (June 10, 2016).

BOI was also conferred the Silver Governance Trailblazer Award by the Institute for Solidarity in Asia (ISA) and Center for International Professional Experience (CIPE) for garnering a high score of 8.9 out of 10 during the Revalida having convincingly shown BOI’s embrace of the principles of good governance even at the individual level resulting in the agency’s reaping substantive early gains including its breakthrough goals such as the successful implementation of the Manufacturing Resurgence Program and the 4.11 percent increase in the share of the manufacturing sector to the total gross domestic product (GDP).

Trade Undersecretary and BOI Managing Head Ceferino Rodolfo together with Assistant Secretary Fe Agoncillo-Reyes, and BOI Executive Directors Ma. Corazon Halili-Dichosa and Efren Leano presented the BOI’s PGS initiatives before a panel of governance experts headed by Rex Drilon of ISA, Fe Barin of the Institute of Corporate Directors, Greg Navarro of Navarro Amper & Company, Tomasa Lipana of Isla Lipana Foundation, and Peter Angelo Perfecto of Makati Business Club.

IMG_9628Trade Undersecretary and BOI Managing Head Ceferino Rodolfo explaining to the PGS Revalida panelists how the agency’s vision of becoming a Global Investment Promotion Agency by 2020 is aligned with its various industry and investment stakeholders.

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