ASEAN SMEs Reaffirm 2025 Vision

JAKARTA, 17 September 2014 - Key representatives from small and medium enterprise (SME) policy makers, ASEAN Small and Medium Enterprise Working Group (SMEWG), thinktanks, dialogue partners and multilateral organisations gathered at the ASEAN Secretariat on 12 September to exchange views, good practices and deliberate on the vision, mission and strategic goals for the Post-2015 Strategic Action Plan for SME Development (2016-2025) or SAP SMED.  

Building upon the policy workshop, participants reaffirmed the vision thatby 2025, ASEAN SMEs shall be globally competitive, resilient, and innovative which can seamlessly integrate into the ASEAN community and beyond for sustainable growth and equitable development in the region.”To achieve the 10-year vision, five areas of strategic goal were formulated namely: (i) enabling regulatory and institutional framework; (ii) enhancing access to finance; (iii) enhancing market access and internationalisation; (iv) strengthening entrepreneurial education and human capital development; and (v) promoting productivity, technology and innovation.