22 November 2015

ASEAN publishes strategic action plan for SME development

Source: ASEAN Secretariat.
The ASEAN Strategic Action Plan for SME Development (SAPSMED) 2016-2025 has been developed in recognition of the significant contribution of micro, small and medium-enterprises (MSMEs) to economic growth, employment generation and gender empowerment in ASEAN. The plan aims to strengthen MSME engagement in an increasingly competitive economic environment and to support their growth and development.

The plan includes an implementation roadmap using country champions, maximising resources including those from ASEAN Dialogue Partners, and with periodic monitoring and evaluation built-in. Overall MSME achievement will be tracked through 10 key policy indicators, and other operational indicators to be developed.

The plan was launched at the sidelines of the 27th ASEAN Summit on 21 November 2015. It was developed by the ASEAN SME Working Group in consultation with the private sector and prepared with the cooperation of the AEM-METI Economic and Industrial Cooperation Committee and with the assistance of the USAID ASEAN Connectivity through Trade and Investment Project for the Roadmap.