SMEWG Resources

Republic of Korea

Promoting SMEs’ Integration into Global Value Chains – Phase 2

Under the APEC Strategic Blueprint for Promoting GVC Development and Cooperation, this project seeks to incorporate and disseminate key deliverables achieved in the Phase 1 of the initiative "Promoting SMEs' Integration into Global Value Chains".

Two core element of the project includes (1) holding GVC Workshops, to better understand GVCs and to create better trade environment for SMEs' GVC participation, and (2) developing a comprehensive final policy report focusing on policy recommendations and strategy to promote GVC participation which contributes to realizing APEC's shared goal of promoting balanced and inclusive growth.

By providing best practice cases and policy recommendations, this project seeks to contribute to APEC priority agenda of enhancing the regional economic integration and support sustainable and inclusive economic growth in the Asia-Pacific region.

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Public Procurement Opportunities for Women- Owned Enterprises

There were 1.25 million women-owned enterprises in Korea, 38.8% of the entire population. To promote these SMEs, Korea passed an Act on Women Enterprise Support, which stipulated that public organizations should purchase at least 5% of goods and services and 3% of construction services from women-led SMEs.

SME Internationalization: The Case of Korea and later Research Directions

The study by Korea aimed to find out if PSU's model of the study ""SME Internationalization and Measurement" fit to Korean SMEs, what problems could arise in the course of measurement and data collection, and if there were any lessons to be considered for Korea's project. The study targeted 100 exporting/importing Korean SMEs in three industries such as electronics (including IT), automobiles/parts, and textile/apparel.

SMEs' Integration into Global Value Chains in Services Industries: Software Services

This project seeks to facilitate better understanding of how GVCs in software services is structured and where the opportunities and challenges are for SMEs' participation including smart factory cases; provide APEC Ministers and Leaders with a set of policy recommendations on how to promote SMEs' integration in software services GVCs addressing challenges and achieving sustainable growth and trade in the industry; help SMEs build capacity and develop strategy for effective integration into GVCs of the software services industry; and, identify business opportunities and difficulties for SMEs in the software services industry and help policy makers to reflect the difficulties.

Beneficiaries of this project include the public sector (government bodies and agencies), SMEs/MSMEs and related associations, multinational corporations, developing economies and academia.

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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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Malaysia

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.

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APEC Survey on Business Environment: Government Procurement for SMEs

Malaysia and Mexico presented the results of the APEC survey on government procurement for SMEs and made some recommendations on supporting and creating opportunities for SMEs regarding government procurement.

Empowering Youth Entrepreneurship

Initiative oriented to encourage the youth (between 18 - 40 years) to venture into business. The objectives of this program are to acculturate entrepreneurship, create a paradigm shift from job seekers to employment providers, and create resilience and sustainability of entrepreneurs. After the successful completion of Phase 1 (Test the Perseverance of Mind & Physical) and Phase 2 (Increase Knowledge - Effective Business Operations), the participants will receive RM15, 000 (USD3,628) to assist them in starting the business and will be able to utilize the a Buddy System for 12 months upon the business establishment to receive advice from experienced and trained Business Counsellors.

Empowering Youth Entrepreneurship

Initiative oriented to encourage the youth (between 18 - 40 years) to venture into business. The objectives of this program are to acculturate entrepreneurship, create a paradigm shift from job seekers to employment providers, and create resilience and sustainability of entrepreneurs. After the successful completion of Phase 1 (Test the Perseverance of Mind & Physical) and Phase 2 (Increase Knowledge - Effective Business Operations), the participants will receive RM15, 000 (USD3,628) to assist them in starting the business and will be able to utilize the a Buddy System for 12 months upon the business establishment to receive advice from experienced and trained Business Counsellors.

Sectoral Game Plan to Catalyze Growth

Malaysia presented on their sectoral approach to catalyze growth. Based on data gathered in the process of formulating the SME masterplan, the Catalyst Programme was designed to promote homegrown champions with focus on 6 sectoral verticals (Led/solid-state lighting, aerospace, ship building/repair, medical devices, modern rail, food safety and halal), converging the expertise of the existing specialist agencies to avoid duplication. This is to enable high growth SMEs to move up the value chain.

SME Financing in Malaysia

The presentation provided background information on the status of financing for MSMEs in Malaysia and, e.g. funds set up by the Central Bank of Malaysia (BNM), and the initiatives of BNM to assist MSMEs, including financial advisory and awareness programs.

Mexico

Innovative Strategies to Support Micro and Small Traditional Firms

Mexico presented on its support to the policy recommendations by several international organizations of promoting innovation through start‐ups and young enterprises and medium size firms.

Mexico believed there could be some cost‐effective, technology‐oriented, large scale tools and practices which could be applied to large numbers of small traditional firms and have comparable impacts on increasing national productivity and growth.

Papua New Guinea

Developing a Best Practice Global Value Chain Framework on Fisheries Micro, Small and Medium Enterprises (MSMEs)

The project is aimed at promoting the growth and development of micro, small and medium enterprises (MSMEs) participate in the fisheries global value chain in the APEC region. MSMEs in the fisheries sector have not been actively participating in the global value chain given the many supply and demand side constraints - lack of capital, technical know-how, technology, access to markets, barriers to trade, among others. The lack of local participation means local communities miss out on vital economic and social benefits leading to many social problems.The global value chain workshop on fisheries MSMES in developing APEC economies looks at analyzing the global value chain (GVC) for fisheries MSMEs in the APEC region to improve competitiveness, enhance market access, increase trade and investments flows, identify challenges and reduce barriers to trade. It is proposed that a best practice global value chain framework to improve competitiveness of the fisheries MSME into the global food value chain is developed.

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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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Proposal to Establish Database on Retired Business Executive to Provide Coaching Services to MSMEs

Papua New Guinea proposed to develop a database of retired business leaders and experts as mentors for SMEs.  The proposal will be discussed intersessionally

Peru

2017 APEC Digital Economy and E-Commerce Forum: Fostering E-Commerce to MSMEs Access to Regional and Global Markets

Digital economy and E-commerce are opening great opportunities to MSMEs, including startups and women entrepreneurs, to connect to global value chains, allowing access to regional and global markets. However, the challenge for MSMEs is to improve their capabilities, and incorporate new strategies, skills and technologies to take advantages of these opportunities.

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Access of MSME to Financing in Peru

Peru introduced about the micro-finance in Peru and government instruments for microfinance. The information on the FONDEMI (micro enterprises development fund) was also presented.

Access to Government Procurement and Participation in GVCs: SMEs’ Access to Public Procurement Market

Peru introduced five steps to achieve the objective of increasing productivity and reducing productive heterogeneity among firms: (i) Promote access to government procurement through the National initiative to enhance micro and small firms during the international crisis; (ii) Promote Innovation; (iii) Promote internalization, in which e‐Commerce is a facilitating tool; (iv) Promote value added to access to government procurement markets; and (v) Look for sustainability and growth through to maintain a regular/minimum amount of public procurement to enhance the SMEs improve their productivity and look for other markets.

APEC Forum: Promoting Stakeholder’s Building Capacities in Clusters and Local Economic Promotion Instruments

SMEs are key engines and sources for economic growth in APEC economies.  Therefore, business capacity building on SMEs is necessary to take advantage of opportunities to engage them into international trade flows and commercial investment contracts.  Also, it is important to foster institutional or social capital capacities for designing and implementing public policies in order to adopt a comprehensive and competitive approach within APEC economies, sharing best practices for identifying economic potentialities and projects/programs aiming the promotion of Global Value Chains, clusters, among other business schemes as significant tools for economic developing in Asia-Pacific region.

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APEC Start-ups Conference III 2014: Global Thinking to Make Global Business

Peru informed on the upcoming  conference scheduled on October 28-29, 2014, in Lima, Peru. Its objectives are to become an important start-up node in the APEC region, to encourage start-ups and entrepreneurs to develop global funding, and to facilitate information, cooperation, and networking between diverse global economies.

Compendium on Methodologies for SMEs Internationalization

This initiative is envisaged as a contribution to the MSMEs Marketplace established under the Iloilo Initiative. It also addresses Leader's instructions to implement the Boracay Action Agenda (BBA), and facilitate SMEs access to regional and global markets. Particularly, this initiative will achieve the Common Goals towards 2020 outlined in the BAA, where the indicators include case studies of MSMEs participation in international markets and global value chains, and the increase in internationalization activities. In addition, this compendium will add value to the existing work programme under work stream 5 of the APEC Strategic Blueprint on Global Value Chains on Assisting SMEs to Benefit from GVCs. 

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Digital Trade Policies for the Development of Digital SMEs 

The project focuses on public policies for the promotion of development of SMEs through the use of technology within new digital businesses.The main activity of the project is a one-day forum on this topic, to which Peru would like to invite delegates of member economies, as well as the local community of SMEs and technological entrepreneurs, and policy makers, among others. 

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Factoring As a Financing Mechanism for SMEs and MEs

Presentation on the financial instruments to promote SMEs credit. The presentation referred to factoring as a financing mechanism for SMEs, going through a quick reminder of what was the context of factoring in Peru, the bottlenecks found and current status. This review would lay the ground for the economy to explore the best practices and achievements in this specific area.

Factoring As a Financing Mechanism for SMEs and MEs

Presentation on the financial instruments to promote SMEs credit. The presentation referred to factoring as a financing mechanism for SMEs, going through a quick reminder of what was the context of factoring in Peru, the bottlenecks found and current status. This review would lay the ground for the economy to explore the best practices and achievements in this specific area.

Green and Sustainable MSMEs in the APEC Region 

MSMEs contribute significantly to economic growth in APEC economies. It is also wide recognized that MSMEs can play a key role in favor of sustainable development.

The APEC 2016 priority entitled "Towards the Modernization of MSME in the Asia-Pacific" acknowledges this situation and aims to promote the conservation of the environment by fostering MSMEs productivity, the sustainable patterns of production, the efficient use of resources, including energy and clean technologies. This conception about MSMEs' role will facilitate their insertion into Global Value Chains and also, the generation of value in economic activities. Taking into consideration this situation, Peru proposes the organization of a half-day workshop on September 5, 2016 in Lima (previously to the SMEWG41) to present the experiences, opportunities and challenges that APEC Economies may face in the path to modernize.

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Increasing Productivity MSME Cost-Reduction and Financing Reform

Peru presented on the reform which was part of the National Plan for Productive Diversification. Its objective was to increase productivity and reducing productive heterogeneity among firms. The Peruvian government set an important goal: the creation of a public fund to improve MSMEs access to financial services, i.e. MIPYME Fund.

Presentation of Tools and Interventions in Entrepreneurship and Innovation

As part of the first pillar in its National Plan for Productive Diversification, the Peruvian government is implementing tools and interventions to promote entrepreneurship and innovation. Peru encourages productive innovation through two instruments: the National Innovation Program for Competitiveness and Productivity (Innovate Peru) and the Law for promoting scientific innovation, technological development and technological innovation.

Productive Innovation

The presentation gave an updates on what has been done within the “Productive Diversification Plan” which was launched by the Ministry of Production of Peru one and a half year ago. The Plan combines cross-cutting policies to strengthen fundamental capacities along with vertical policies that pay attention to specific sectors.

Productive Innovation

The presentation gave an updates on what has been done within the “Productive Diversification Plan” which was launched by the Ministry of Production of Peru one and a half year ago. The Plan combines cross-cutting policies to strengthen fundamental capacities along with vertical policies that pay attention to specific sectors.

SMEs' Integration into Global Value Chains in Services Industries: Tourism Sector

The project will develop of a comprehensive study on structures, main strategies for MSMEs to participate in tourism GVCs, as well as best government practices and policies on facilitating MSMEs access to tourism GVCs.

The project seeks to:

1)   To facilitate better understanding of the structure of the main tourism GVCs (including culture and nature-based tourism; Meetings, Incentives, Conferences and Exhibitions - MICE tourism; accommodation and transport providers; cafes and restaurants); and the opportunities and challenges for tourism MSMEs in the Asia Pacific;

2)  To provide APEC policy makers with a set of recommendations on how to enhance competitiveness in tourism GVCs; and

3)  To help MSMEs build capacity and develop strategy for effective integration into services GVCs.

Beneficiaries of this project include: the public sector (government bodies and agencies), MSMEs and related associations; academia (academic institutions, public and/or private research institutions), multinational corporations and developing economies.

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