First day of APEC SME meeting pushing BCG Model to increase opportunities and challenges of SMEs

Today (5 September 2022) at Sai Laguna Phuket Hotel Mr. Weerapong Malai, Director of the Office of Small and Medium Enterprises Promotion (OSMEP) Revealed that the APEC MSME 2022 meeting, which OSMEP hosted the meeting in the framework of small and medium enterprises, started today for the first day. Start with organizing a workshop on the topic “Accelerating holistic economic development (BCG Model) for MMSMEs in the APEC region through the Carbon Credit Market” (Accelerating Bio-Circular-Green (BCG) Adoption among APEC MMSMEs).

The aim is to create an understanding of the opportunities and challenges of BCG adoption for MSMEs, and to share guidelines and policy tools to promote MSMEs to take advantage of BCG opportunities such as the circular economy and the carbon credit market.

with qualified speakers from government agencies and the private sector in the APEC economic zone including international organizations such as UNESCAP, such as Dr. Janekrit Khanathana from NSTDA, Dr. Vikram Ahuja, Giken Mobility Pte. Ltd., from Singapore, Mr. Shabib Rizvi, Policy, Analysis and International Small. and Family Business, from Australia, etc.

Share ideas and offer insights into each economic zone. This meeting gave the opportunity for government agencies, the private sector and MSME entrepreneurs to join the event.

There are 11 member economies participating, namely Thailand, Mexico, Chile, Malaysia, Indonesia, United States of America, Vietnam, Philippines, China, Hong Kong, Canada and Brunei Darussalam. Nearly 200 attendees were attended both online and offline.

As for the issues that were exchanged and which were of interest to the participants, all parties agreed that BCG Model or conducting business with environmental considerations It is a guideline that should be taken. due to climate change causing damage to the global economy and affecting the economy of Southeast Asia at least 4% of ASEAN GDP

Such factors have led to the start of sustainable development by reducing environmental degradation. especially the reduction of greenhouse gas (GHG) emissions, thus establishing a carbon credit market through pricing when businesses There is a high amount of greenhouse gas emissions. It will help the world to focus on reducing GHG emissions and starting to view the BCG business transformation as more attractive and worth the investment.

For guidelines to support businesses that care for the environment. To incentivize MSME entrepreneurs to pay more attention to actions in this regard, such as giving tax benefits to green businesses. Providing knowledge and knowledge to entrepreneurs to adapt to BCG. Supporting the procurement of both government and private sectors in the BCG product category.

“The most talked regarding issue is that MSMEs are important in driving the economy of every economic zone. So how to make development to create prosperity? At the same time, there must be sustainability. And the important thing is to be able to rely on yourself. The BCG Model is an important approach to answer this question.”

by using creativity thinking outside the box Utilizing technology, research and development, creating innovations for business operations This is the heart of the development under Concept BCG and is also an opportunity to create new businesses. especially in the Start up group, including giving large companies As a model for MSMEs, this marks the beginning of the development into the supply chains of large companies. and will lead to the global supply chain in the future

This is because the BCG Model is a globally important approach, therefore MSME entrepreneurs must see the importance otherwise it will make their competitiveness. or to expand the market in different areas Decrease or eventually disappear because the BCG Model is an opportunity to create sustainable growth.

But since most MSMEs have the backbone or the potential to underestimate large It is therefore a matter for the government to prepare guidelines for promotion and development.

The opinions obtained from this meeting are that there must be guidelines for giving advice to government agencies. Supporting sustainable business ideas Aiming at Raising Awareness and Supporting Sustainable Consumption and support for transparent cooperation between agencies. through a comprehensive financial support and non-financial

which requires the integration of cooperation between government agencies to provide services seamlessly and provide support for environmentally friendly business loans, etc.

However, various information, including comments obtained from this meeting, OSMEP will collect to prepare an APEC report and aiming to develop policy recommendations For further identification of best practices to empower MSMEs through sharing best practices.

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