APEC ministers seek to promote SME integration
Illustrative image (Photo: VNA)
The Philippines’ Minister of Industry and Trade Gregory Domingo said it is necessary to take into account the interest of small-scale businesses, especially micro ones.
Meanwhile, a senior official from China’s Ministry of Industry and Information-Technology underlined the significance of the internet in developing SME activities.
Ministers are discussing a number of initiatives from different economies to remove barriers for micro-small and small business players to promote their integration and ensure sustainable development.
Chair of the APEC Business Advisory Council Doris Magsaysay-Ho said an overwhelming 97 percent of businesses are small and medium ones, contributing 20-50 percent to APEC’s gross domestic product (GDP)./.
Source: VNA
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