DTI pushes for globalization of PH MSMEs

The Department of Trade and Industry (DTI), through the Micro, Small and Medium Enterprise Development Council (MSMEDC) and in cooperation with the Philippine Center for Entrepreneurship (PCE) - Go Negosyo, will hold the National MSME Summit on November 10-11, 2016 at the SMX Davao Convention Center, Lanang, Davao City. The Summit aims to discuss topics on promoting creativity and innovation, inclusive financing, enhancing productivity and efficiency, and entrepreneurial ecosystem for micro, small, and medium enterprises (MSMEs). Thus, the result will help MSMEs develop and expand their knowledge and capabilities to improve locally and have a positive global mindset. "We view the Summit as an opportunity to discuss gaps, challenges, and opportunities in developing and improving the participation of MSMEs in the local and global markets. We also look at it as an avenue to come up with new strategies and identifying policy recommendations that will help the local enterprises move up the value chain," DTI - Regional Operations Group Undersecretary Zenaida Maglaya said. The country's MSMEs, which make up 99.6% of the Philippine enterprises, have the potential to create productive employment and promote economic growth as they become part of the global supply chain. "By participating and engaging MSMEs to various MSME development initiatives of the government, DTI aims to empower them to become more competitive and innovative to foster their participation in the global markets," Maglaya said. The Summit will be a culminating activity of the various MSME activities and regional and provincial consultations conducted across the country. It will also be a venue for showcasing recent policy directions, programs as well as emerging technologies, business models and opportunities for entrepreneurs. A new framework for MSME development is envisioned to be finalized as a concrete outcome of the Summit, which shall outline the elements of the Philippine MSME Development Plan 2017-2022.

Source: Philippine Information Agency