Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

APEC Launches Micro Enterprise Trading Platform

APEC Launches Micro Enterprise Trading Platform

Issued by the APEC Small and Medium Enterprise Working Group

Singapore, 25 September 2017 – APEC has introduced a new business-to-business platform for enabling cross-border trade among underrepresented but economically vital micro, small, and medium enterprises in the Asia-Pacific.

The APEC Micro, Small and Medium Size Enterprise Marketplace showcases small firms from APEC member economies and helps to connect them with compatible production and supply chain partners. It also details tariffs and trade regulations as well as provides a portal to support services to help small businesses in the region build their trading operations.

“There are a huge range of market opportunities for micro enterprises all around the Asia-Pacific, particularly with advances in mobile technology and e-commerce,” said Philippine Trade and Industry Secretary Ramon M. Lopez, who announced the opening of the platform endorsed by APEC SME Ministers.

“The APEC Marketplace will make it easier for small businesses to trade and, in the process, boost their competitiveness and growth capacity in the region,” continued Secretary Lopez. “The benefits of wider participation in trade could be very significant for APEC economies and our people’s livelihoods.” (VIDEO: Secretary Lopez on the Value of Small Business Trade)

The platform caters to small firms that account for nearly all businesses and the majority of employment in the APEC region, and have substantial room for export growth. They range from handicraft suppliers in Luzon, to auto and machinery parts producers in Ohio, Nagoya and Ho Chi Minh City, to coffee growers and processors in the highlands of Papua New Guinea.

APEC economies aim to grow the APEC Marketplace’s directory of small businesses with export potential and, in turn, open up market opportunities for these firms in the Asia-Pacific through business matching with companies seeking value-adding goods and services suppliers.

It is part of APEC’s implementation of the Iloilo Initiative for growing global micro, small and medium enterprises, endorsed by the region’s SME Ministers there in 2015 and supported by parallel efforts underway to unlock small business trade. (VIDEO: APEC Committee on Trade and Investment Chair on Integrating SMEs in Services Trade).

“Micro enterprises have to be interconnected with the rest of the world on account of the fact that it has become one village. We don’t want small businesses and the communities that depend on them to be left behind,” explained Papua New Guinea’s Trade, Commerce and Industry Minister Wera Mori.

“Now that we are in the digital age, people must be enabled to come out from local areas and export what they can produce domestically out to markets in the Asia-Pacific and beyond,” he concluded. “We are working in APEC to help people find formal employment through small businesses that are developed and integrated.” (VIDEO: Minister Wera on Inclusive Trade)

Users of the APEC Micro, Small and Medium Enterprise Marketplace are encouraged to provide feedback at this linkto improve the platform in line with the region’s evolving trading conditions.

APEC Ministers and officials will take complementary steps to facilitate women’s entrepreneurship and small business trade during the APEC Women and the Economy Forum in Hue City, Viet Nam on 26-29 September.


ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>

ALSO:

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO: