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Friday, August 30, 2019

Concepción will be the world capital of small- and medium-sized enterprises during APEC SME Week

The event, which is one of the meetings taking place in the run-up to the Leaders’ Meeting in November, will be held next week in the Chilean coastal city. Activities will focus on fostering internationalization, digital transformation and finance for micro, small- and medium-sized companies.

Thursday August 29, 2019. Between September 2 and 6, Concepción will be the focus of the agenda of the Economy, Development and Tourism Ministry with APEC SME Week 2019 taking place in the Mitrinco Convention Center in Concepción in the Biobío region of southern Chile.


The event is among the activities that are taking place in the run-up to the APEC Leaders’ Meeting in November. During this version of APEC SME Week, work will focus on the internationalization, digital transformation of and access to finance for start-ups and micro-, small- and medium-sized companies.


“The issue of SMEs is present in all countries and especially in the APEC economies, where they account for 98% of all companies and employ more than 50% of the workforce. They all share the same challenges in terms of access to finance, technological modernization and exports, and these are the issues that we are going to address at the meeting with a view to fine-tuning our public policies and supporting the development of SMEs,” commented Minister Juan Andrés Fontaine.


Meanwhile, the 2019 Chair of the APEC Seniors Officials' Meeting (SOM), Mathias Francke, emphasized that “as a country, we are fully aware that SMEs are key to the economic development of the 21 APEC member economies, and that is why Chile has made them one of its priorities, in order to discuss the challenges and opportunities that are being generated at the global level for these types of businesses. This event is an opportunity for entrepreneurs and SMEs located in the Biobío Region to get closer to the discussions taking place on this issue, as well as to understand the benefits that may be obtained from the public policies that are currently being discussed.”

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