Page 261 - Official Year Book 2020

opportunities as it can reduce the need to further navigate the MSME
costs and generate extra income. Also, industry towards recovery along the
Warong Rider has helped entrepreneurs path of digitalization, innovation and
among hawkers and small traders to technology. Malaysia, being the host
use their delivery service to facilitate of APEC 2020 with the concerted
economic recovery. efforts by APEC member countries
are expected to further promote free,
26th ASIA PACIFIC fair and open trade and investment
ECONOMIC COOPERATION between countries, especially in driving
(APEC) MEETING OF economic growth and strengthening
MINISTERS OF SMALL AND global supply chain (GVC). Ministers at
MEDIUM ENTERPRISES the APEC SME Meeting supported the
(SMEs) APEC SME Working Group Strategic
Plan 2021-2024 which set objectives
The Ministers of Small and Medium in five priority areas; entrepreneurship,
Enterprises (SMEs) of the 26th Asia innovation and start-ups, SME access
Pacific Economic Cooperation (APEC) to international markets and GVC,
have reached a consensus on the inclusive capacity development towards
importance of digitalization process for digitalization, access to finance and
Micro, Small and Medium Enterprises alternative financial solutions as well as
(MSMES) in enhancing resilience due to interaction between government and
the COVID-19 pandemic. APEC member business.
countries participating recognised the

Minister of Entrepreneur Development and Cooperatives, YB Dato Sri Dr. Hj. Wan Junaidi bin Tuanku Jaafar, OFFICIAL YEAR BOOK 202 2570
chaired the 26th Asia Pacific Economic Cooperation (APEC) Meeting of Ministers of Small and Medium
Enterprises (SMEs).