Epilogue: The Case for SMEs at COP & the Festival of Inclusive Trade
By the Global Trade Professionals Alliance (GTPA)
Introduction
SMEs are central to sustainable, resilient, and inclusive trade. As climate change and social inclusion become priorities, SME participation in global markets is critical. Supporting SMEs to decarbonize, scale sustainably, and integrate into trade networks is essential for achieving global economic and environmental goals.
SMEs in Climate-Resilient Trade
SMEs are pivotal in implementing climate-smart production, supply chain transparency, and ethical sourcing. Their adaptability allows them to pivot quickly to sustainable practices when supported by policy and finance.
Case Study — Costa Rica Eco-Tourism SMEs
Costa Rican eco-tourism SMEs have adopted renewable energy, waste management, and conservation practices to meet global sustainability standards. These practices attract international visitors while generating income and conserving biodiversity, showing how SMEs integrate environmental and economic goals.
Case Study — Vietnam Green Manufacturing SMEs
Vietnamese SMEs in electronics and textiles have implemented energy-efficient production, chemical waste management, and eco-certification programs. These small firms now supply global buyers who prioritize sustainability, demonstrating SME potential to align trade with climate goals.
Policy Reflection: Centering SMEs in Climate & Trade
Key strategies include:
- Incentives for green investment and compliance.
- Digital and traceability tools for supply chain transparency.
- Financing and technical support for climate adaptation and decarbonization.
- Integration of SMEs in climate and trade dialogues (e.g., COP, Festival of Inclusive Trade).
FACT SHEET — SMEs in Climate-Resilient Trade
Key Takeaways
- SMEs are essential to climate-resilient, inclusive trade.
- Support in green upgrading and digitalization enables global market access.
- Policy frameworks must integrate SMEs in climate and trade initiatives to achieve sustainable, equitable growth.
We will expand on these policy ideas and hear directly from SMEs around the world at next year’s Festival of Inclusive Trade. You too can engage, share your insights, and get involved in shaping the future of inclusive, resilient trade.