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Presented by ASEAN at the OECD Southeast Asia Regional Forum, 24-26 March 2014, Bali, Indonesia.
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OECD Southeast Asia Regional Forum Consultation Meeting –SME Policy Work Stream
one vision one identity
one community
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Towards the AEC 2015 and Beyond
24 March 2014 Bali, Indonesia
Outlines
Key Take-Aways from the ASEAN SME Policy Index
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2 ASEAN SME Strategic Plan - Progress & Key Achievements
SME as the Third Pillar of AEC 1
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1. SMEs – As the Third Pillar of AEC
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ASEAN ECONOMIC COMMUNITY
STRATEGIC SCHEDULE OF THE AEC BLUEPRINT (2008-2015)
Pillar 1 Single Market
& Production Base
• Free flow of goods • Free flow of services • Free flow of
investment • Freer flow of capital • Free flow of skilled
labor • Priority Integration
Sectors • Food, agriculture and
forestry
Pillar 2 Competitive
Economic Region
• Competition policy • Consumer protection • Intellectual property
rights • Infrastructure
development • Taxation • E-Commerce
Pillar 3 Equitable Economic
Development
• SME development • Initiative for ASEAN
Integration
Pillar 4 Integration into
the Global Economy
• Coherent approach towards external economic relations
• Enhanced participation in global supply networks
HUMAN RESOURCE DEVELOPMENT RESEARCH AND DEVELOPMENT
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Significance of SMEs to ASEAN Economies
SMEs represent up to 99% of all enterprises in ASEAN member states (AMS)
SMEs generate 56% to 97% of domestic employment including youth and women
SMEs contribute 30% - 60% to GDP
SMEs contribute 19% - 31% to exports
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2. ASEAN SME Strategic Action Plan – Progress & Key Achievements
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ASEAN Strategic Action Plan for SME Development (2010-2015)
Market Finance
Environment
Techno-logy
Infor-mation
Human Resource
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Access to Finance
Policy Dimension:
Access to Finance
ASEAN SME Regional Development Fund
SME Credit Rating Model
Accounting Guidelines for SMEs
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Access to Market & Internationalisation of SMEs
Policy Dimension:
International Market Expansion
Improvements in Rural Living Condition Through One Village One Product (OVOP)
SME Trade Fairs, Conference, Expos
Directories of ASEAN SMEs
Enhancement of ASEAN SME FTA Utilisation
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Access to Human Resources Development
Policy Dimension:
Promotion of Entrepreneurial Education
Internship Schemes for Staff Exchanges/ Visits
ASEAN Small Business Competitiveness Program
Common Curriculum for Entrepreneurship (COBLAS)
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Access to Information & Advisory Services
Policy Dimension:
Access to Support Services
Formulation of Case/ Industry Studies to Develop Benchmarks/ Baselines for SMEs
SME Guidebook Towards the AEC 2015
Establishment of ASEAN SME Service Centre, Phase II
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Access to Technology & Innovation
Policy Dimension:
Technology & Tech Transfer
Strengthening SME Business & Technology Incubator
Establishment of ASEAN Business Incubation Network (ABINet)
Policy Program to Upgrade SMEs in Selected Industry Sectors
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3. Key Take-Aways from the ASEAN SME Policy Index
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Key Take-Aways from the ASEAN SME Policy Index
Good Regulatory Environment
• ASEAN Benchmarks for Faster & Cheaper Startups
• A Common SME Definition Applied in a Country
• Good Coordination between Domestic Government Agencies
Entrepreneurial Education
• Support Entrepreneurial Learning
• Accelerator / E-learning Tools for Start-up
Access to Finance
• Develop Regulatory Framework
• Sound and Diversified Financial Products
• Financial Education and Discipline
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Key Take-Aways from the ASEAN SME Policy Index
Technology & Tech Transfer
• Promote Adoption of Technology
• Foster Tech Cooperation, focus on Commercialisation
• Promote Networking Among Tech Incubators
Support Int’l Market Expansion
• Capacity Building Program for Exporting SME
• Promote e-commerce, biz matching and social networking
• Reduce Cost and Simplify Customs Procedures
Access to Supporting Services
• Promote e-Services
• Ensure ranges of services and data are updated and relevant to domestic and regional trade
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CHALLENGES/ISSUES
A good SME policy environment vital for SME development
Minimum ASEAN benchmarks/standards for some of the components will be useful
Challenge will be to develop a roadmap and the milestones to achieve this
SMEWG post-2015 Action Plan - may be a good avenue to operationalise some of
these elements
Cross-sectoral effort – need cooperation of related ASEAN bodies
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www.asean.org
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