The APEC Business Advisory Council (ABAC) has called on APEC to set up a centre supporting small, micro and medium-sized enterprises (SMMEs) in the region to promote economic development.
The APEC Business Advisory Council (ABAC) has called on APEC to set up acentre supporting small, micro and medium-sized enterprises (SMMEs) inthe region to promote economic development.
Therecommendation came following ABAC’s two-day meeting in Bali,Indonesia on October 6 and will be submitted to APEC leaders forconsideration at their ongoing summit.
The centre will use advanced technology to facilitate trade and ensure the efficiency of e-commerce system.
Vice Chairman for APEC Small Medium Enterprises Entrepreneurs, ErwinAksa, stressed that SMEs had played an important role in promotingregional and global economic growth in the future.
ABAC will also propose the drafting of a policy that guarantees SMEsaccess to capital sources, especially Public Business Credit, he added
Meanwhile, Chairman of the ABAC SMME WorkingGroup, Juan Raffo, said it is necessary to facilitate SMMEs’ access tocapital resources, while providing them with the requisite consultancyto help promote their business.-VNA
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