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.
The Philippine Mission to the WTO has also organized a working session in the public forum focusing on “Fostering the Participation of Micro, Small and Medium Enterprises (MSMEs) in Regional and Global Markets” bringing perspectives of UNCTAD, ITC, the World Bank and the WTO, together with Secretary Domingo. (END)
From left: WTO Director General Roberto Azevedo, DTI Secretary Gregory Domingo, Evelyn Nguleka of the World Farmers’ Association, Roland Auschel of Addidas, and Harold McGraw of the International Chamber of Commerce.