BANGKOK –
Senior officials from the Asia-Pacific Economic Cooperation (APEC) economies
wrapped up a meeting on Saturday, during which they focused on efforts to
promote the recovery of the region’s micro, small and medium enterprises
(MSMEs).
The
28th APEC Small and Medium Enterprises Ministerial Meeting was held in Phuket
under the theme of “Inclusive Recovery of APEC MSMEs through the Bio-Circular-Green
(BCG) Economy Model and High Impact Ecosystem.”
Considering
small businesses as “the driving engine of the APEC economies,” Thailand’s
Deputy Prime Minister Supattanapong Punmeechaow, who chaired the meeting, said
“without their inclusive recovery, we will not be able to achieve resilient and
balanced economic growth.”
During
the two-day meeting, officials agreed to continue to foster economic growth and
help small businesses participate in the global economy. They will intend to
improve the connectivity among APEC economies through digital resilience, which
will help MSMEs prosper.
The officials also discussed ways to drive
economic growth and support small businesses, including accelerating the
adoption of the BCG economy model, encouraging inclusive digital
transformation, giving MSMEs access to financing while restructuring debt, and
helping them cope with the evolving market landscape. Xinhua
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