Plenary Session 3. Enabling SMEs and entrepreneurs to navigate the changing global trade and investment landscape
Jun 28, 2023 | 2:30 PM - 4:00 PMDay 2 Plenary Room CC1
Jun 28, 2023 | 2:30 PM - 4:00 PM
Day 2 Plenary Room CC1
Description
SME access to foreign markets is an important driver of growth and productivity in countries and regions, and their integration into global value chains a significant source of innovation and knowledge. However, not all SMEs have the capacity to tap into international markets. SMEs’ ability to engage in GVCs is constrained by internal capacity (e.g. managerial skills) and external factors (e.g. the quality of logistics services and infrastructure, and regulatory barriers). Governments have started rethinking smart specialisation and internationalisation policies with resilience in mind, aiming to protect strategic SMEs and reinforcing their positioning in GVCs, e.g. by keeping trade channels open and reducing costs of trading; intensifying export support measures; and reinforcing SME international business linkages.
