Trade facilitation policy for MSMEs
TRADE FACILITATION INITIATIVES TO SUPPORT MSMES
For many MSMEs, navigating the complexity of doing business globally while maintaining a competitive edge requires the development of new skills and knowledge, as well as the ability to draw on a trusted network of skilled professionals and consulting services with the required competencies to support their business growth.
Many of these businesses have significant international growth potential from day one of their operations and are essentially “born global”. Competing on a global scale from the outset means it is imperative that these businesses enjoy access to support networks and an ecosystem that allows them to take advantage of new opportunities.
HOW TRADE FACILITATION AND DIGITALISATION EMPOWER MSMES
Trade support services that are geared to areas such as trade finance, logistics and supply chain management, and customs and freight forwarding have traditionally seen low levels of participation by MSMEs.
At times this is because MSMEs lack to initiative to take advantage of the support on offer, and at times it can be the result of a disinclination by service providers to assist smaller and especially micro-sized businesses. This needs to change.
A core component of facilitating greater MSME participation in global trade is not only to ensure that they are not disadvantaged from a trade facilitation perspective, but that they are actively supported in terms of engaging in a broad spectrum of trade activities.