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Digital Transformation to Generate New Business Opportunities, Opening to New Markets in the MSMES and Gender Focused Cooperatives, in Response to the Economic Crisis Caused by COVID-19

Published Date February 2025
Type of Publication Proceedings
Publication Under SOM Steering Committee on Economic and Technical Cooperation (SCE), Small and Medium Enterprises Working Group (SMEWG)
Accessed 21
Pages 33
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Description

The report explores the critical role of digitalization in empowering micro, small, and medium-sized enterprises (MSMEs) and cooperatives within APEC economies. It highlights systemic barriers such as limited digital literacy, infrastructure gaps, and gender-specific challenges, offering actionable strategies to address them. Key insights stem from a two-day symposium that brought together policymakers, industry leaders, and MSME representatives to share best practices and foster collaboration. Discussions emphasized the transformative potential of digital financial services, e-commerce platforms, and sustainability-driven initiatives to enhance MSMEs' global market access. The report concludes with policy recommendations to strengthen capacity-building, promote gender inclusivity, and integrate sustainable practices, positioning MSMEs as pivotal drivers of economic growth and resilience across the Asia-Pacific region.