|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.
|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.
|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.
|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.
|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.
|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.
|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.
|The United States||Small and Medium Enterprises Working Group (SMEWG)|
|APEC Online-to-Offline (020) Initiative - Unlease the Potential of SMEs through Digital Transformation for a Shared Future||
In response to APEC Leaders and Ministers' instruction regarding digital economy in 2016 and the 2017 theme "Creating New Dynamism, Fostering a Shared Future", this initiative, as the 3rd phase of the O2O Initiative, keeps aiming to bring in the latest knowledge of digital competitiveness and resilience, and show the APEC region that how SMEs can outcompete in the new era with rapid digital transformation and O2O application. With abovementioned goals, we are committed to continuously providing networking, showcasing and mentoring opportunity to the APEC startups and SMEs, facilitating their access to digital and physical global value chains (GVCs) and stimulating the dynamism of innovation in the Asia Pacific.
|Malaysia||Small and Medium Enterprises Working Group (SMEWG)|
|Enhancing the Competitiveness of Women-Led Micro, Small and Medium Enterprises (MSMEs) in the Garments and Textile Sector through Innovation and Entrepreneurship||
APEC economies recognize that the full potential of women's contribution to the Asia-Pacific economy remains untapped. Women led MSMEs have a great potential to address the challenges of providing employment and livelihood to the growing population. Acknowledging the vast potential of innovative enterprises in MSME sector this project seeks to: (a) raise awareness of possible impediments to Women MSMEs sustainable growth; (b) disseminate best practices on Women Entrepreneurship; and (c) explore possible means for APEC members to collaborate on creating an environment conducive for Women MSMEs.
|The Philippines||Small and Medium Enterprises Working Group (SMEWG)|
|Upgrading MSMEs' Access to Finance in a Digital Age||
There are several factors contributing to MSMEs' lack of access to finance. One is the inadequate legal and institutional infrastructure to support risk-based lending against a broader range of collateral and using non-traditional data. Another is the evolution of capital, liquidity, customer due diligence and similar rules that create disincentives for lenders to cater to MSMEs. Others include the lack of enabling environments for equity-based financing of small innovative enterprises and the lack of access of vulnerable micro- and small enterprises to risk management tools including insurance. There are great potentials for technological and financial innovations to upgrade MSMEs' access to funding, but inadequate understanding of their implications on the stability, integrity and fairness of financial systems constrain many policy makers from harnessing them.
|Viet Nam||Small and Medium Enterprises Working Group (SMEWG)|