Fostering the Participation of MSMEs in Regional and Global Markets

 

Geneva - Under the Theme “Trade Works”, the working session “Fostering the Participation of MSMEs in Regional and Global Markets” organized by the Philippine Mission to the WTO drew interests from the participations of the public forum event. There are more than 80 working sessions and at least 10 sessions all happening at the same time, but the session on MSMEs was able to stimulate a healthy debate on why and how global cooperation would be critical in making trade work for MSMEs.

The Public Forum is the WTO’s largest annual outreach event, which provides a platform for participants to discuss the latest developments in world trade and to propose ways of enhancing the multilateral trading system. The event regularly attracts over 1,500 representatives from civil society, academia, business, the media, governments, parliamentarians and inter-governmental organizations.

The public forum with its wide participation and representation is the right platform for MSMEs interests to be heard. The working session brought together Philippines Trade Minister Gregory Domingo, International Trade Center (ITC) Executive Director Ms. Arancha Gonzalez, Senior Director for Trade and Competitiveness of the World Bank Group Ms. Anabel Gonzalez, Deputy Director General of UNCTAD Mr. Joakim Reiter, and Deputy Director General of the WTO Mr. Ziaozhun Yi. The session was moderated by Philippine Mission to the WTO Permanent Representative Ambassador Esteban Conejos, Jr.

Continue reading

Making Trade work for MSMEs


Geneva –Speaking at the WTO Public Forum opening plenary, DTI Secretary Gregory Domingo has emphasized the importance of integrating Micro Small and Medium Enterprises (MSMEs) in global trade if we are to make trade work better for ALL.

The Public Forum is the WTO’s largest annual outreach event, which provides a platform for participants to discuss the latest developments in world trade and to propose ways of enhancing the multilateral trading system. The week -long event regularly attracts over 1,500 representatives from civil society, academia, business, the media, governments, parliamentarians and inter-governmental organizations. Secretary Domingo was invited by the WTO to provide his perspectives on “Making Trade Work for Business” in a plenary debate together with WTO Director General Roberto Azevedo, and private sector representatives. The debate particularly focused on the relationship between trade and business, including small and medium enterprises (SMEs) and agribusiness.

“Global Value Chains (GVCs) and technological developments have been catalysts for trade growth, and the Philippines has been beneficiary of these developments, look at where our electronics sector is now. However, if we are to make trade work for all, then we have to address challenges and foster opportunities for the 95% of businesses – the MSMEs. Therefore we need to create more pipelines for MSMEs to integrate to regional and global markets” Said Secretary Domingo.

Continue reading

PHILIPPINES REPRESENTED IN INVESTMENT FORUM IN ZURICH


Philippine Ambassador to Switzerland Leslie Baja was key resource person during the investment forum entitled “The Pulse of Asia” held in Zurich on 31 March 2015.

The forum was organized by Touchstone Ventures, a Swiss investment company which visited the Philippines on 12-16 November 2014 together with a Swiss business delegation led by Ambassador Baja to explore the diverse business opportunities in the Philippines.

The investment forum seeks to convince more Swiss and European capitalists to invest in Southeast Asia, i.e. ASEAN.

Ambassador Baja said that “ASEAN is thinking globally and the countries that comprise the region are preparing together to achieve economic integration in 2015 and beyond.”

He cited the ASEAN Economic Community which makes the region a more attractive investment destination by turning ASEAN into: (a) a single market and production base, (b) a highly competitive economic region, (c) a region of equitable economic development, and (d) a region fully integrated into the global economy.

Continue reading

The Philippines and EFTA sign Joint Declaration on Cooperation

EFTA11

The Philippines and EFTA Member States signed a Joint Declaration on Cooperation in Westman Islands, Iceland on 23 June 2014. The signing took place at the Eldheimar Museum, which exhibits the effects the volcanic eruptions on the main island in 1973. From left: Mr Gunnar Bragi Sveinsson, Minister for Foreign Affairs and External Trade, Iceland; Mr Johann N. Schneider-Ammann, Federal Councillor, Head of the Federal Department of Economic Affairs, Education and Research, Switzerland; Mr Norbert Frick, Ambassador, Permanent Representative Permanent Mission in Geneva; Ms Monica Mæland, Minister of Trade and Industry, Norway; Mr Gregory L. Domingo, Secretary, Department of Trade and Industry, the Philippines and Mr Kristinn F. Árnason, Secretary-General, EFTA.

Continue reading

DTI Holds Non-Tariff Measures Workshops for Businesses and Policy Makers

The Department of Trade and Industry (DTI) and the World Trade Organization (WTO) recently held a series of workshops to inform stakeholders about Non-Tariff Measures (NTMs).

The Workshop featured presentations by representatives from the WTO on recent research on NTMs and database tools to help exporters identify which NTMs most affect their exports. Representatives of relevant government bureaus/agencies such as the DTI-Bureau of Product Standards, Department of Agriculture and Bureau of Customs presented their initiatives on assisting exporters including infrastructural or administrative programs to meet the key NTM requirements.

Continue reading