ICC and WTO launch ‘Small Business Champions’ initiative and open call for proposals
World Trade Organisation
August 16, 2017
A
joint effort to facilitate participation by smaller companies in
international trade was launched today by the Director-General of the
World Trade Organization (WTO), Roberto Azevêdo, and the
Secretary-General of the International Chamber of Commerce (ICC), John
Danilovich. The initiative, entitled ‘ICC-WTO Small Business Champions’,
will provide a platform for companies and private sector organizations
around the world to propose innovative, practical ideas designed to
encourage micro, small and medium-sized enterprises (MSMEs) to do
business across borders.
Those businesses putting forward successful proposals will be recognized as ‘ICC-WTO Small Business Champions’.
Despite their economic importance in developed, developing and least-developed countries, MSMEs' share of trade is disproportionately small, often because they are unaware of the potentially wider market and because they traditionally have not had the resources to navigate sometimes complex trading procedures. But new technologies are helping to pare back these obstacles and create a more level playing field for smaller companies in international trade. Helping more MSMEs to trade internationally is an important step in building a more inclusive trading system that benefits a wider array of citizens.
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