Iloilo summit aims to empower MSMEs in world market

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THE Micro, Small and Medium Enterprise Development (MSMED) Council through the Department of Trade and Industry (DTI) is holding the National MSME Summit 2015 this week in Iloilo City to empower MSMEs to become more competitive in the world market.

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The summit is being held at the sidelines of the 22nd Asia-Pacific Economic Cooperation (APEC) Small and Medium Enterprises Ministerial Meeting, 40th SME Working Group Meeting, and related workshops.

“We are holding this summit in line with the APEC Boracay Action Agenda or our call to encourage and strengthen the participation of MSMEs in global and regional trade,” DTI Secretary and MSMED Council chairman Gregory L. Domingo said.

Domingo is pleased with the current progress of the APEC’s substantial contributions and undertakings in promoting MSME development and the initiatives to mainstream MSMEs in the regional and global economy.

“With this summit, we intend to create awareness on MSME development initiatives in the country, and empower them to become more competitive and innovative. In this way, we fortify their participation in foreign markets as direct exporters of goods and services or as part of a global supply chain,” Domingo said.

The two-day summit is being held at the Iloilo Convention Center from September 21-22, 2015, with the theme “Mainstreaming Philippine MSMEs in the Global Market.”

DTI Undersecretary Zenaida Maglaya noted that the summit will bring together
policymakers, the private sector, and development partners to discuss how to further maximize the potential of Philippine MSMEs as engines of economic growth.

The first day of the summit will have four panel sessions that will discuss the need to provide MSMEs with economic opportunities overseas. These sessions include pathways to global trade, the role of technology and innovation in leveling up MSMEs, navigating challenges and opportunities in global trade, and the government’s role in MSME
financing.

On the second day, participants will be divided into two groups. One group will go to Bacolod City for an MSME learning visit, and the other group will attend the APEC Business Continuity Planning Workshop in Iloilo City.

Maglaya said that the summit reiterates the commitment of policymakers, development partners and the private sector in enhancing MSME competitiveness and supporting their growth.

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