The recent meeting focused on the significant role of business support organizations like the Enterprise Europe Network and the International Trade Centre. These entities assist small businesses in connecting with partners, facilitating exports to international markets, and leveraging opportunities from free trade agreements. The discussions highlighted how these organizations aid in the flow of information between public and private sectors, particularly benefiting small businesses by providing feedback and advisory services to access financing.
The session responded to a proposal by the United States (INF/MSME/W/51), which aimed to explore the connections between small businesses and trade policy mechanisms through local chambers of commerce and other business support organizations.
In efforts to enhance private sector engagement, Mr. Aziz Ndiaye, Founder of ANEP Company, presented his enterprise specializing in importing and exporting exotic fruits and vegetables from various African countries. His company aims for positive social impact within communities involved in these trade activities.
Additionally, two winners of the Small Business Champions initiative—CLAC and O'KANATA—presented their projects designed to assist indigenous people in trading internationally through surveys, technical assistance, and online platforms. Dr. Ayman El Tarabishy from the International Council for Small Business discussed efforts to advance small business research.
The Group plans its next meeting on December 10th to address good regulatory practices for MSMEs and trade digitalization, following a proposal by the United Kingdom (INF/MSME/W/52). The UK will discuss MSME interests in regulatory development, referencing previous packages from December 2020. Discussions will also include accelerating trade digitalization efforts for small businesses.
A new proposal from Russia (INF/MSME/W/58 – INF/TGE/COM/10) suggests creating educational programs aimed at empowering women entrepreneurs in finance and marketing. This compendium intends to aid women-owned businesses in participating in international trade.
Members shared updates on implementing recommendations from the December 2020 MSME package intended to help small businesses engage globally. China reported measures integrating SMEs into its policies during its ninth Trade Policy Review. These measures include policy support documents, tax extensions, and fund establishments while promoting a business-friendly environment.
The International Trade Centre provided updates on the Global Trade Helpdesk platform's increased usage across several countries. Recent events included launching Bahasa and Chinese versions of this platform. Discussions also covered MSME-related topics within committees focusing on technical barriers to trade and government procurement.