APEC to hold first SME
Summit in the Philippines
By Kris M.
Nov 10 (PNA) -- The Asia Pacific Economic Cooperation (APEC) has partnered
with APEC Business Advisory Council (ABAC) to hold the first Small and
Medium Enterprise (SME) Summit on November 17 in Makati City.
To be held during the APEC Economic Leaders’ Week (AELW), the APEC SME
Summit will have the theme of “Innovation and Big Ideas: Pushing Boundaries”
and aims to challenge the traditional framework and mindset of micro and
SMEs to further innovate their businesses.
About 1,500 delegates including MSMEs across Asia Pacific, government
officials, ABAC, business organizations, and business students are expected
to participate in the event.
The APEC SME Summit will have exhibits and featured talks from leaders of
successful enterprises in the region, particularly those with innovative and
disruptive business models.
Among APEC region’s business leaders that will share innovation insights,
experiences, and inspiring stories are AirAsia CEO Tony Fernandes, Care.com
Founder and CEO Sheila Marcelo, and Xurpas, Inc. President and CEO Nix
Nolledo among many others.
President Benigno S. Aquino III will also grace the APEC SME Summit as
Target outcomes of the APEC SME Summit are innovation partnerships between
and among SMEs and innovators, network of APEC SME entrepreneurs and
practitioners in the innovation space, and documentation of inspiring
stories and recognition of successful SME innovators with transformative
solutions and ideas.
The APEC SME Summit is part of the forum’s initiative to increase the
participation of MSMEs in the global value chain.
The sector is the engine of growth and innovation in APEC. It comprises over
97 percent of enterprises in the region; over half of the total workforce in
APEC member economies; 20 to 50 percent share to GDP; and contributes up to
35 percent of direct exports. (PNA)