Enabling participation of SMES in international trade and production networks : trade facilitation, trade finance and communication technology
Date
2014-06
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ARTNeT, United Nations ESCAP
Abstract
Access to a variety of external trade finance sources was found to be important for boosting Small and Medium Enterprise (SME) export participation, with bank financing and supplier credit found to increase the likelihood of SME participation in both direct export and international production networks (IPNs). A reduction in customs and trade clearance times was similarly found to increase likelihood of SMEs participation, relatively more than that of larger enterprises. Results highlight the importance of supply chain financing to facilitate direct export participation of Asia-Pacific SMEs.
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Keywords
INTERNATIONAL TRADE, INTERNATIONAL PRODUCTION NETWORK, SMALL ENTERPRISES, ICT, ACCESS TO ICT, BUSINESS FINANCING, WORKING CAPITAL, VALUE CHAINS, TRADE FACILITATION, ASIA AND THE PACIFIC