B20 has been a strong supporter of the SME agenda since Turkey 2015, continuing in China 2016 and Germany 2017, with the introduction of the SME Task Forces and Working Group and the creation of the World SME Forum. G20 Governments have also started recognizing the crucial role of Small and Medium Enterprises (SMEs) as a recipe for inclusive, healthier economic growth, but more needs to be done: if SMEs cannot realize their full potential and adapt to new ways of doing business, they will lag behind, with growing socio-economic pains.
The 2016 China B20 SME Development Taskforce (‘SME Taskforce’) builds on the work of the 2015 Turkey B20 . After months of analysis, debates and deliberations, the SME Taskforce members identified a set of challenges which constitute major impediments to SME development in both developed and developing countries; these challenges require the attention of G20 Governments.
Cross-border e-commerce zones have become the rage in digital trade circles. China has already launched 12 of them. The WSF is supporting the creation of one in Turkey. And other countries are starting to look at this experiment as a possible recipe to unleash SMEs’ growth potential. But how much is it really known about this model?
Until recently, SMEs have lacked an organization that would champion their cause, despite their pivotal role in inclusive economic growth and job creation. When B20 and G20 leaders supported the creation of the World SME Forum (WSF) in 2015, SME-focused advocacy was one of the main tasks they had in mind for the new entity.
Signaling a strong level of enthusiasm for unlocking the potential of eCommerce at the global level, more than 100 delegates from over 30 countries – representing governments, international organizations, NGOs and the private sector – gathered last week in Geneva for UNCTAD’s eCommerce Week.
Four months after the signing of the MoU on China-Turkey e-commerce pilot, a launching ceremony was held in Chongqing, China, on March 31, with the high level participation of NDRC, Chongqing Municipality, WSF and DHgate. It was a pleasure to be in Chongqing to witness the inauguration of this landmark project...
The Chinese Presidency of the G20 has begun. During the last week of January 2016, over 300 business executives gathered in Beijing at the kick-off of the Business 20 (B20) outreach group to the G20 China, to discuss key policy priorities of global business for the twenty systematically most important economies of the world.
With the kickoff of the 2016 China “Business 20” (B20) proceedings in Beijing a few days away, this is an opportune time to reflect on some of the key accomplishments of the 2015 Turkey B20.