Projects

Projects
2017
Title Description Year / Meeting / Workshop Presented Presentor Classification
APEC'S NEW CHALLENGE: Inclusive Growth through Smarter Globalization and Technological ProgressPDF icon abacs_new_challenge_final_print_11.06.17.pdfWebsite

The APEC Business Advisory Council (ABAC) commissioned the University of Southern California, Marshall School of Business to explore issues around globalization and technological progress, their impacts, and possible new approaches in greater detail. The findings and conclusions presented in this report have been developed from a meta-analysis of existing research, both academic and popular press; field interviews with 457 business, government, labor, academic, and nonprofit leaders; 40 thoughtleader interviews; and a detailed research questionnaire with 351 responses. 

Da Nang, Viet Nam
November 2017

APEC Business Advisory Council (ABAC)
Global SME and Corporate Innovation Survey 2017Website

Both SMEs and large corporations are being disrupted by radical changing business models and digital transformation. Corporate innovation instruments become extremely critical for corporations to stay competitive. However, many SMEs don't have sufficient R&D budgets to invest in innovation. The concept of "Open Innovation" - working with innovative startups "MSMEs" - is one way to mitigate and overcome this deficiency. However, studies show that around 70% - 90% of all innovative MSME integrations with corporations failed. Now more than ever, success in corporate innovation is linked to successful integration of MSMEs / startups into APEC-based SMEs and corporations.

Chinese Taipei Small and Medium Enterprises Working Group (SMEWG)
Digital Economy Workshop/Dialogue

The digital economy enables MSMEs to enter new markets and foster more inclusive and sustainable economic growth as the proliferation of business transactions that depend on the internet and information and communication technology (ICTs) further establishes the importance of the digital economy as the driver of innovation, competitiveness, and growth for the developing world in the Asia-Pacific. This project seeks to increase the knowledge of APEC economies in (i) facilitating and utilizing the flow of information and (ii) fostering digital literacy to enable MSME access to the digital economy. 

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The United States Small and Medium Enterprises Working Group (SMEWG)
APEC SME Cross-Border E-Commerce (CBE) Leaders' Conference 

The ministers issued the Nanjing Declaration on SME Innovative Development during the 21st APEC SME Ministerial Meeting, which focused on strengthening the innovation capacity and sustainability of SMEs while eliminating barriers to their participation in cross-border trade. As economies intend to grow their CBE share, working together in a disruptive collaborative model and 'educate' the market is one of the best approaches. The conference organizer offers a platform where participants from APEC member economies and other parts of the world can share research and best practices to assist manufacturers and merchants in boosting import and export trade. The conference also concentrates on promoting the application of modern information technology within SMEs and improving the informational application on R&D, production and distribution, and business administration.

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People's Republic of China Small and Medium Enterprises Working Group (SMEWG)
Digital Transformation: The Impact on SMEs and Regional Trade 

Digital transformation is redefining the way goods, services and information are produced, consumed and traded. According to the Harvard Business Review, industries ranging from finance and business services to manufacturing will be significantly disrupted by digital technologies in the near future.

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Australia Small and Medium Enterprises Working Group (SMEWG)
Policy Dialogue on Sharing of Best Practices in Building Institutional Capacities to Promote Internationalisation of MSMEs and Developing Competitiveness of MSMEs to go Global

One of the most crucial challenges facing MSMEs in APEC economies is how to create new business and investment opportunities in regional and global markets. Recent studies reveal that MSMEs in the APEC region account for only 30% of Exports, which is quite low considering the fact that MSMEs account for 90% of businesses and employ up to 60% of the workforce. The project aims to invite expert international speakers and participants from APEC economies to partake in an interactive workshop where participants, particularly from developing economies can learn from the experiences/best practices from other APEC economies and acquire knowledge and skills which will allow them to formulate specific policies to support MSMEs in their home economies tap into regional markets. This project draws on the  direction established by the Boracay Action Agenda to Globalize MSMEs, the APEC Iloilo Initiative: Growing Global MSMEs for Inclusive Development, and the SMEWG Strategic Plan 2017-2020. A two day workshop will be organized on the margins of SOM 2 during PNG APEC year 2018.

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Papua New Guinea Small and Medium Enterprises Working Group (SMEWG)
Riding the Wave of the E-Commerce Trend: Emerging and Expanding Business Option for MSMEs

Advances in e-commerce accessibility have greatly reduced barriers inhibiting MSMEs from building online customer bases, whilst providing more inclusive MSME opportunities. To empower MSMEs to take advantage of online resources, the project will present latest e-commerce trends, demonstrating how MSMEs can benefit from third-party selling platforms, tailored distribution services, e-finance and payment mechanisms, and evolving online consumer habits to foster business expansion opportunities. A two-day event will enable MSME owners, entrepreneurs, and policymakers to learn from and network with speakers including successful e-commerce entrepreneurs, logistics and e-commerce payment experts, third-party platform providers, and government representatives, through interactive presentations and moderated panel discussions. This project will support the business environment, market access, and internationalization priority areas by identifying what MSMEs need to better access the digital economy and increase participation in global markets, and developing recommendations and best practices for use by APEC member economies in developing policies to support MSMEs.

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Thailand Small and Medium Enterprises Working Group (SMEWG)
APEC Workshop on SMEs' Integration into Global Value Chains in Logistics 

In response to the APEC 2016 AMM Statement that stresses "We support the initiative on SMEs' Integration into Global Value Chains in Services Industries. We welcome the sectors established so far, namely software, tourism, fashion design and logistics, and encourage economies to voluntarily lead a sector and participate in the initiative", "The APEC Workshop on SMEs' Integration into Global Value Chains in Logistics"  is expected to take place with the aims of: (i) Empowering policy makers and regional businesses with better understanding of GVCs in logistics; (ii) Making recommendations on strategies  and policies to facilitate SMEs' integration into logistics GVCs;  and (iii)Enhancing SMEs' participation in logistics GVCs.

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Viet Nam Committee on Trade and Investment (CTI)
Women's Economic Empowerment and ICT: Capacity Building for APEC Women Entrepreneurs in the Age of the 4th Industrial Revolution

ICTs have the potential to promote women's economic empowerment. For example, ICT skills enable women entrepreneurs and potential women entrepreneurs to access e-commerce and lower their barriers to the global markets, which leads them to become more competitive in global value chains.

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Republic of Korea Policy Partnership on Women and the Economy (PPWE) 
2018 APEC Business Ethics for SMEs Forum: Leveraging Technologies to Scale Code of Ethics Implementation for Small and Medium Enterprises

The Business Ethics for APEC SMEs Initiative is the world's largest public-private partnership to strengthen ethical business practices in target sectors, training 1,350+ stakeholders and expanding high-standards to 18,000+ companies (13,000+ SMEs). It also designs and implements model consensus agreements to strengthen ethical business practices across health systems. In 2016, these results were recognized by APEC Leaders, APEC Ministers, APEC SME Ministers, and APEC Ministers Responsible for Trade. The 2018 APEC Business Ethics for SMEs Forum held in Tokyo, Japan will expand this success as the first program to leverage the latest technologies for rapid scale-up in code of ethics implementation for SMEs. With most industry associations across APEC economies having implemented a code aligned with APEC Principles, achieving the Nanjing Declaration's 2020 commitments at the enterprise-level requires a "train-the-trainer" meeting of principals to build capacity on utilization of these technologies within their home economy. This project aligns with several rank one funding criteria by strengthening MSME innovation capacities and competitiveness, supporting the multilateral trading system, fostering trade facilitation, advancing human development, and supporting the ease of doing business work stream.

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The United States Small and Medium Enterprises Working Group (SMEWG)