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13/09/2017 03:15pm

APEC Members discuss ways to support MSMEs

image APEC Members discuss ways to support MSMEs

New Delhi, Sept 13 (KNN) The experts from members of Asia-Pacific Economic Cooperation (APEC) and international organizations sought ways of supporting micro, small and medium-sized enterprises (MSMEs).

Discussions over this were held at the APEC Workshop on Enabling MSME Access to the Digital Economy on Tuesday in Vietnam's Ho Chi Minh City.

The delegates present at the workshop, according to a media report, discussed measures to create more favourable conditions, fully tap flows of information and sharpen digital skills for MSMEs to join the digital economy.

The digital economy will create more opportunities for MSMEs to take part in global value chains, and bring about equal and sustainable development for them.

However, MSMEs often face obstacles in expanding business in the digital economy due to difficulties relating to broadband Internet connection, personal information security, awareness of online presence and development, and high cost of information technology equipment.

Further, during the APEC 2017 Start-up Forum, delegates discussed measures to enable MSMEs to innovate, integrate and access to the global value chains right at their nascent business stage, and to speed up the sustainable and environment-friendly socioeconomic growth.

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