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Helping SMEs seize global opportunities
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Published on 09-11-11

A strategy to help Europe's small and medium sized businesses expand their businesses and profit from the fast growing emerging markets across the world was published today.

 "Small business, Big World" sets out a number of initiatives to support SMEs in international markets and address the fact that currently only 13% of EU SMEs are internationally active in trade, investment or other forms of cooperation with foreign partners.

    © Franck Boston - fotolia.com

    © Franck Boston - fotolia.com

    European Commission Vice-President Antonio Tajani, Commissioner for Industry and Entrepreneurship, said:

    "Major non-EU markets with strong growth rates represent significant opportunities for EU small enterprises. SMEs are Europe's main economic strength. To help them to better exploit their potential in the global arena is a clear priority to boost competitiveness and create employment."

    The paper sets out a number of proposed actions, including:

     

    • mapping the existing supply of support services to allow a more rational and coherent approach in the future;
    • creating a single virtual gateway to information for SMEs wishing to do business outside the EU;
    • making EU support schemes more consistent to raise their impact;
    • promoting clusters and networks for SMEs;
    • orchestrating pan-European partnerships in priority markets to make the most of the public funds spent.

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    Last update: 10/11/2011  |Top