Brazil has articulated the creation of a group of countries friends of the Micro, Small and Medium Enterprises at the World Trade Organization, in close coordination with Argentina, the host of the 11th WTO Ministerial Conference, next December.
The work of the Group will be open to all members and aim to propose measures to be adopted at the Ministerial Meeting in Buenos Aires, to stimulate greater participation in the world trade by micro, small and medium enterprises, in particular those from developing countries. Among the expected results of the initiative is the facilitation and increase of exports of companies from countries such as Brazil.
The topics to be discussed by the group include, among others: (i) the increase of access to information and market opportunities; (ii) compliance with regulatory framework; (iii) transportation and logistics; (iv) access to credit; (v) digital connectivity; and (vi) technological development.
The document proposing the initiative was presented at the last meeting of the WTO General Council and was co-sponsored by Brunei Darussalam, Chile, Colombia, Costa Rica, Guatemala, Malaysia, Mexico, Panama, Paraguay, Peru, Philippines, Russia, Singapore, Switzerland, the European Union, Uruguay and Viet Nam, besides Brazil and Argentina.