Representatives from APEC member-economies are seen in this photo during the SME Ministerial Meeting and Related Activities in Iloilo City[/caption] Called the APEC MSME Marketplace, the portal is a component of the ?Iloilo Action Initiative,? an interactive repository of information initiated by the Department of Trade and Industry (DTI). The Iloilo Action Initiative is the result of the 22nd APEC SME Ministerial Meeting concluded on Friday, Sept. 25. The APEC MSME Marketplace will focus on three pillars:
The first pillar is to facilitate business networking and matching involving MSMEs. This aims to strengthen MSMEs partnership with large enterprises through providing relevant information on MSMEs and large companies to encourage business matching among these enterprises.
The second pillar is to enhance MSME awareness and feedback on trade regulations in order for MSMEs to access information on new non-tariff measures.
The third pillar is to improve mechanisms for knowledge-sharing on trade facilitation, business support, partnerships, and capacity building activities for MSMEs.The APEC SME Working Group will start the establishment of the APEC MSME Marketplace next year while implementation is eyed by 2017. — PNA]]>