SMEWG Resources

Thailand

Thailand’s SMEs’ Single Bookkeeping Scheme

SMEs’ Single Book Keeping Scheme” is part of the Thai government's measures to strengthen SMEs access to finance with a single set of accounts and encourage them to comply with the tax laws. SMEs that have registered capital of no more than 5 million Baht and income of no more than 30 million Baht who have registered with the Revenue Department since 15 January, 2016, till 15 March, 2016, must inform the Revenue Department that they will open an account that shows their income and financial budget to be in line with the real business situation (single account). The Revenue Department will not inspect any retrospective tax even if it is tax of a juristic entity, VAT, business tax, or revenue stamp, so in order to have knowledge and understanding relating to the correct process of bookkeeping, as well as actually work and draft an appropriate investment plan for the business.

Thailand’s SMEs’ Single Bookkeeping Scheme

SMEs’ Single Book Keeping Scheme” is part of the Thai government's measures to strengthen SMEs access to finance with a single set of accounts and encourage them to comply with the tax laws. SMEs that have registered capital of no more than 5 million Baht and income of no more than 30 million Baht who have registered with the Revenue Department since 15 January, 2016, till 15 March, 2016, must inform the Revenue Department that they will open an account that shows their income and financial budget to be in line with the real business situation (single account). The Revenue Department will not inspect any retrospective tax even if it is tax of a juristic entity, VAT, business tax, or revenue stamp, so in order to have knowledge and understanding relating to the correct process of bookkeeping, as well as actually work and draft an appropriate investment plan for the business.

Trade Barrier 1: Lack of Access to Financing

The United States discussed the compendium of top financial products available in APEC economies to help SMEs trade, which included products such as guarantees, short and long-term loans, insurance, relending and investment financing.

The United States

2016 APEC Business Ethics for SMEs Forum (SME 01 2015A)

The 3rd SME Business Ethics Forum was held in Lima, Peru on September 5-6 for three sectors: medical devices, biopharmaceutical, and construction-engineering.

2016 APEC Business Ethics for SMEs Forum (SME 01 2015A)

The 3rd SME Business Ethics Forum was held in Lima, Peru on September 5-6 for three sectors: medical devices, biopharmaceutical, and construction-engineering.

 

2016 APEC Business Ethics for SMEs Forum: Facilitating Trans-Pacific Collaboration for Small and Medium Enterprises

The 2016 APEC Business Ethics for SMEs Forum will be APEC's first capacity-building program to strengthen ethical practices hosted within a Latin American member economy. The two-day Forum will take place in Lima before the APEC SME Ministerial and focus on heightened trans-pacific collaboration on ethics, bringing together SMEs operating within and between Asian and Latin American economies to: showcase best practices and lessons learned, identify cultural nuances, address emerging challenges, and advance the implementation of harmonized codes of ethics across the entire Asia-Pacific region to support SME cross-border trade. This project directly aligns with several rank one funding criteria by: promoting SME development, supporting the multilateral trading system, fostering trade facilitation, and supporting the ease of doing business work stream. The project builds on the successful multi-year project, Business Ethics for APEC SMEs, which enjoys strong support from all 21 APEC economies and endorsement by APEC Leaders and Ministers.

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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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APEC SME Business Ethics for the Construction-Engineering Sector: Building A Strong Future for SMEs 

The project will fund a two-day ethics compliance workshop in Hanoi, Viet Nam in August 2018. At this workshop, a newly formed Construction-Engineering Implementation Team, comprised of experienced engineers and construction compliance experts from APEC economies, will formulate a set of recommendations to increase SME participation in infrastructure projects across the APEC region. The Implementation Team will: 1) identify relevant APEC Working Groups to expand expertise and the knowledge base on issues such as customs, procurement and human resource management , 2) review and select high-standard training models to educate future generations of civil service professionals, 3) define a common set of APEC-wide Principles and Guidelines for an Anti-Corruption Certification program with potential incentive mechanisms for SMEs, and improve government processes - such as greater automation of regulatory practices to enhance efficiency, transparency and opportunities for small construction & engineering firms  who are the primary bidders, major suppliers and sub-contractors on large and small-scale projects across the APEC region.

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APEC SME Business Ethics Forum Medical Device and Biopharmaceutical Sectors

The 4th APEC Business Ethics for SMEs Forum to be held in Hanoi, Viet Nam on 7-8 September 2017. The goals of the forum include: (i) specialized capacity building mentoring to ensure all economies have relevant industry codes in place by 2020, (ii) increase the number of member economies with public-private framework agreements to facilitate high-standard ethical business practices across national health systems, and (iii) strengthen ethical business practices for distributors and other third party intermediaries as vital enterprises in the medical device and biopharmaceutical sectors.

APEC SME Business Ethics Forum Medical Device and Biopharmaceutical Sectors

The 4th APEC Business Ethics for SMEs Forum to be held in Hanoi, Viet Nam on 7-8 September 2017. The goals of the forum include: (i) specialized capacity building mentoring to ensure all economies have relevant industry codes in place by 2020, (ii) increase the number of member economies with public-private framework agreements to facilitate high-standard ethical business practices across national health systems, and (iii) strengthen ethical business practices for distributors and other third party intermediaries as vital enterprises in the medical device and biopharmaceutical sectors.

APEC SME Trade Finance Conference

The United States reported on the upcoming SME Trade Finance Conference, which would tentatively be held in the Spring 2013

APEC SME Trade Finance Conference

The United States informed on the new project, “APEC SME Trade Finance Conference” whose objectives were to 1) devise a set of actions for APEC economies to take to improve their SME finance structure; 2) engage trade finance and SME officials from APEC economies in an information-sharing discussion; and 3) facilitate enhanced coordination between SME organizations and trade finance agencies. The conference would be held in March of 2013.

Business Ethics for APEC SMEs Initiative

2015/SMEWG40/045
Agenda Item: 16.8
The United States reported that in just three years, the APEC SME Business Ethics Initiative supported the development of 19 new industry codes across nine economies in the healthcare sector where they previously did not exist, expanded high standard APEC principles to more than 14,000 companies, of which over 8,000 are SMEs.

Business Ethics for APEC SMEs: Programming for Multi-Year Funding

The United States outlined the multi-year project to build ethics capacity in APEC economies through code-writing, train-the-trainers, and awareness-raising workshops.

Business Ethics for APEC SMEs: Promoting SME Innovation and Access to Global Markets through Training in Business Practices in the Medical Device Sector

The United States presented an update of the “Business Ethics for APEC SME” seminar held on 27 Sep 2010 in Gifu, Japan. The seminar recognized that the medical device sector consisted of a majority of SMEs, which often found increased costs when operating outside of an ethical framework. It was proposed that an APEC code of business ethics specific for the medical device sector be developed in 2011.

Business Ethics for APEC SMEs: What We Have Achieved and What Remains To Be Done

In 2013, the "Business Ethics for APEC SMEs" initiative held two events: 1) a train the trainers; and 2) a high-level meeting that convened key stakeholders critical to creating an ethical healthcare ecosystem. The high-level group issued a "Bali Statement," calling on APEC to carry out sustained capacity building and dialogue on business ethics issues for all healthcare stakeholders by creating an ongoing "APEC Business Ethics Forum" to foster regional cooperation.

Business Ethics for SMEs Initiative

2014/SMEWG39/042 Agenda Item: 16.1 The Business Ethics for APEC SMEs initiative was in its fifth year, served as one of the largest and most successful public - private partnership efforts of the SME Working Group. Initially focused on the medical device, biopharmaceutical and construction sectors, the initiative has supported the development of new codes of ethics across 10 APEC economies where they previously did not exist. High standard APEC principles of codes was extended to nearly 1,500 additional SMEs over the previous two years.

Co-Chairs’ Report of the Expert Working Group to Formulate APEC Principles for Medical Device Sector Codes of Ethics

The text of the draft Kuala Lumpur Principles for Medical  Device Sector Codes of Ethics

Developing a Digital Economy Action Plan: Connecting MSMEs to Global and Regional Markets

The United States and the co‐sponsors proposed that the SMEWG develop a Digital Economy Action Plan for MSMEs, coordinating where appropriate with the

Committee on Trade and Investment and other relevant APEC fora and sub fora. The proposal will be discussed intersessionally

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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Financial Products Compendium

The full text of the compendium of financial products in APEC economies as presented by the United States in the 33rd SMEWG meeting.

Global Women's Economic Empowerment Initiative

The United States presented on their public-private partnership program of global women’s economic empowerment (GWEE). It aimed to develop and sustain women entrepreneurs, including broadening their support network. It pointed out that financial literacy education programs did not always have to be overly expensive, especially if programs are able to partner with an already capable institution.

Healthcare Stakeholder Awareness High-Level Meeting: Fostering Ethical Business Environments in the Medical Device and Biopharmaceutical Sectors 2013

In 2013, the "Business Ethics for APEC SMEs" initiative held two events: 1) a train the trainers; and 2) a high-level meeting that convened key stakeholders critical to creating an ethical healthcare ecosystem. The high-level group issued a "Bali Statement," calling on APEC to carry out sustained capacity building and dialogue on business ethics issues for all healthcare stakeholders by creating an ongoing "APEC Business Ethics Forum" to foster regional cooperation.

Implementation Update on the APEC Principles for Voluntary Codes of Ethics in the Medical Device, Biopharmaceutical, and Construction Sectors

The United States reported on the multi-year project on Business Ethics Capacity Building for SMEs in the Medical Devices, Construction and Bio-Pharmaceutical Sectors. Significant progress has been achieved in all sectors..

Multi-Year Project: Business Ethics for APEC SMEs

It provided update on the status of the Business Ethics Capacity Building workstream, noting that the foundation of this work was based on public-private partnerships to ensure maximum impact on this work. To date, over 50 industry associations representing more than 10,0000 SMEs in all APEC economies participated in this APEC multi-year project.

Nanjing Declaration to Promote Ethical Environment in the Medical Device and Biopharmaceutical Sectors through 2020

It was proposed by the United States in which stakeholders jointly agreed to specific goals and actions, including a target to double the number of industry associations that have adopted or achieved formal progress toward a code of ethics between 2012 and 2015. The Nanjing Declaration was subsequently endorsed by APEC SME Ministers and APEC Ministers in 2014.

Nanjing Declaration to Promote Ethical Environment in the Medical Device and Biopharmaceutical Sectors through 2020 (USA)

2014/SMEWG39/043
Agenda Item: 16.1
It was proposed by the United States in which stakeholders jointly agreed to specific goals and actions, including a target to double the number of industry associations that have adopted or achieved formal progress toward a code of ethics between 2012 and 2015. The Nanjing Declaration was subsequently endorsed by APEC SME Ministers and APEC Ministers in 2014.

Need for Open and Transparent Business Environments-Business Ethics Capacity Building for SMEs in the Medical Devices, Construction and Bio-Pharmaceutical Sectors

Under the second phase of the multi-year project, the Business Ethics Workshop was held in Chinese Taipei to help APEC economies draft voluntary codes of ethics for the biopharmaceutical sector. The next activity for the project would be a train-the-trainer workshop to be held in 2013 in Malaysia.

Next Steps for Women's Entrepreneurship in APEC (WE-APEC), Phase 2

APEC Leaders have long acknowledged the importance of including women as equal partners and beneficiaries of economic growth and prosperity, including as entrepreneurs. In 2014, APEC ministers committed to the development of an Asia-Pacific regional women's entrepreneurship network to help women in all 21 APEC economies expand their opportunities to participate in regional trade and economic growth. The Women's Entrepreneurship in APEC initiative (WE-APEC) represents a shared vision to support women's entrepreneurship, empower governments to better support these entrepreneurs, and provide an opportunity to share ideas, tools, and best practices so that women can establish and grow their businesses.

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Outcomes of APEC Industry Forum on Addressing Barriers to Trade in Health Care Products: Helping SMEs Participate in Global Value Chains

An one‐day forum focused on identifying the barriers to trade in health care products was held on June 8, 2015 in Atlanta, the United States. In the forum, public and private sector participants discussed the barriers to trade in the health care sector that significantly hinders access to safe and effective medical products.  Speakers from a range of government agencies and industry representatives highlighted experiences exporting and importing in the health care sector, and emphasized that many of these barriers disproportionately impact SMEs.