SMEs Key to the ASEAN Economy


Togog.Online |
SMEs play a very important role for the ASEAN economy. 96 percent of ASEAN consists of MSMEs.

"If we talk about ASEAN economic integration then our duty brings SMEs into our integration," said President Joko Widodo when speaking to ASEAN Leaders' Interface With ASEAN Business Advisory Council (ABAC) at Philippine International Convention Center (PICC), Manila, Philippines on Monday, November 13, 2017.

President Jokowi expressed his appreciation to the ASEAN Business Advisory Board for seeing the importance of ASEAN's partisanship towards UMKM. In addition, attention should also be given to empowering women in MSMEs.

"I welcome the effort to connect multinational companies with SMEs through the ASEAN Mentors for Entrepreneurship Network (AMEN)," said the President.

Indonesia has long been developing an inclusive business that connects large companies with MSMEs in various sectors.

"Indonesia has a Task Force in charge of synergizing the interests of the Government, businesses and low-income communities in the area of ​​inclusive finance. I hope ASEAN can formulate a formula for alternative financing cooperation for MSMEs, "said President. (Hadi)

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