ICC - Ten ways for governments to use trade to Save our SMEs
Governments must use all economic levers to support micro-, small- and medium-sized businesses (MSMEs) during the unprecedented crisis of the novel coronavirus (COVID-19) pandemic. MSMEs, which comprise 90% of companies across the globe and more than 50% of the world’s total employment, are both heavily exposed to the disruption and critical to the recovery.
We believe that trade policy has a vital role to play in enabling MSMEs to weather the COVID-19 crisis and drive a rapid economic recovery. We therefore call on governments to urgently take the following 10 steps to Save Our SMEs. By enabling MSME participation in international trade we have an opportunity to limit economic losses, protect jobs and set strong foundations for renewed economic growth.