MSMEs summit to kick off in Iloilo City on Monday

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ILOILO CITY: About 500 policy makers, private sector representatives, development partners and entrepreneurs are expected to gather in the city for a two-day national micro, small and medium entrepreneurs summit which will kick off on Monday.

The summit will “discuss how to further maximize the potential of Philippine MSMEs as engines of economic growth,” said Ruby Melliza, information officer of the Department of Trade and Industry (DTI) in Western Visayas.

The activity, with the theme “Mainstreaming Philippine MSMEs in the Global Market” seeks to create awareness on the development initiatives of MSMEs in the country.

Also, it aims to empower them to become more competitive and innovative to foster their participation in the global markets either as direct exporters of goods and services or as part of a global supply chain.


This is in line with the APEC Boracay Action Agenda, a Philippine-led initiative which aims to encourage the participation of MSMEs in the global and regional trade.

The first day of the summit consists of four panel sessions on 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 –all in recognition of the need to provide more economic opportunities for MSMEs beyond Philippine shores.

On the second day, participants will be divided into two groups with one going to Bacolod for an MSME learning visit and another attending an APEC Business Continuity Planning Workshop.

The summit reiterates the commitment of policymakers, development partners and the private sector to enhancing MSME competitiveness and supporting their growth.

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

PNA

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