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Trade and Agriculture Events

G20 Turkish Presidency – OECD Stocktaking Seminar On SMEs 2015

 

G20 Turkish Presidency – OECD Stocktaking Seminar On Small and Medium Enterprises and Low Income Developing countries in the International Market Place 2015

2 June 2015 | 14:30 - 18:00
OECD, Paris



Summary report now available: download the report in pdf format


 

At the Brisbane Summit in November 2014, G20 Leaders highlighted in their Summit that:

“Trade and competition are powerful drivers of growth, increased living standards and job creation. In today’s world we don’t just trade final products. We work together to make things by importing and exporting components and services. We need policies that take full advantage of global value chains and encourage greater participation and value addition by developing countries.”

The G20 Turkish Presidency/OECD Stocktaking Seminar on “Small and Medium Enterprises and Low Income Developing Countries in the International Market Place”, held for its third consecutive year at the OECD Headquarters, on 2 June 2015, aimed to inform and support the G20 discussions on GVCs and trade, in the lead-up to the Trade Ministerial meeting and the Leaders’ Summit.

The Seminar brought together participants including Ministers, G20 Sherpas, trade policymakers, experts, representatives from business and trade unions, as well as those from international organisations to actively participate in the discussions at hand.

It was noted that further analysis and data of the dynamics of GVCs will be needed, to better assess SMEs and LIDC participation in GVC and draw the respective policy conclusion. An important contribution was made towards overcoming this challenge through the new OECD-WTO TiVA database. Including 4 new countries and 16 new sectors, the database almost doubles the information available in the earlier version, which spanned only to 2009 instead of the current 2011. Additional data and information will allow for better understanding of increasingly international SMEs resulting in what will be more efficient and better adapted policies.

 

Key takeaways from the seminar include:

  • the importance of identifying and implementing a comprehensive and multi-faceted policy agenda that would pave the way to firms of all sizes, in countries at all levels of economic development, but particularly in developing countries, to take full advantage of GVCs;
  • the agreement that services sector reforms should constitute a pivotal element of the G20 trade agenda;
  • the importance of streamlining existing regulations;
  • that ratification of the WTO Trade Facilitation Agreement (TFA) should continue to receive strong G20 political support;
  • the need for the development of a G20 SME Action Plan;
  • the need for improving access to finance for SMEs as a critical enabler for their participation in GVCs.

 

Key documents from the seminar:

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