"Growing MSMEs is Growing PNG!"
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Managing Director's Brief
Welcome to SME Corporation’s website!
At SME Corporation, innovation, integrity, and impact drive everything we do.
As CEO, I am honoured to lead a team dedicated to delivering excellence and creating meaningful impact on the sector and the overall development landscape of PNG.
At SME Corporation, we believe in pushing boundaries, fostering collaboration, and making a difference in the lives of citizens through the SME Development services we offer. Our commitment to quality SME development services based on our regional inclusivity, and equity principles, we hope, will enable us to have a broader sector impact across all regions.
By navigating our virtual office, you will gain useful insights on the key SME development services and products we are offering, and impact projects and programs we are undertaking to develop the sector. Â The virtual office established through this website results from the initiative of the Management to transform our ICT assets to assist us in expanding our information reach and service offerings. Thank you for visiting our website. I invite you to explore, connect, and join us on this journey toward a brighter future.
Highlights
MD'S .
THIRD SENIOR OFFICIALS MEETING
35 ACSIC CONFERENCE, MONGOLIA - 2023
The United States of America was the host economy of the 2023 APEC Meetings. The Third Senior Officials Meeting (SOM3) was held in Seattle, USA. APEC Meetings attended;
1. 56th SME Working Group Meeting (SMEWG).
2. High-Level Policy Dialogue on Women and the Economy Forum and SME Ministerial Meeting Joint Session
3. 29th SME Ministerial Meeting (SMEMM)
Papua New Guinea’s attendance and participation at the 56th SME Working Group Meeting, 29th SME Ministerial Meeting and Women and the Economy Forum and SME Ministerial joint sessions was important to foster the relationship with other APEC economies on SME development. The key discussions work towards fostering an environment that supports not only economic growth but also considers social and environmental aspects, promoting green and innovative MSMEs. The focus was on the three priority areas; Interconnected, Innovative, and Inclusiveness.
Interconnected: Building a resilient and interconnected region that advances broad based economic prosperity trade, there were advance discussions under APEC’s Free Trade Area of the Asia Pacific (FTAAP) Agenda to exchange best practices in bilateral and regional trade agreements. The discussions emphasized the significance of digital tools and technologies for SME growth. Economies should focus on enabling MSMEs to adopt digital solutions, participate in e-commerce, and leverage global value chains to enhance competitiveness.
Innovative: Enabling an innovative environment for a sustainable future. In terms of SME development, this is important specifically agriculture biotechnology, and international trade standards.
Inclusive: It is essential to promote and support women’s entrepreneurship, ensuring they have equal access to resources, opportunities, and representation. Promote gender equity across work streams. Apply gender lens to policy areas such as agriculture, customs, e-commerce, infrastructure, energy, climate resilience, structural reform, services, trade, MSMEs.
APEC 2023 will continue to integrate SME and equity-related work streams.
