CONTACT US
Secretariat of UCLG-ASPAC Committee on the Belt and Road Local Cooperation
Floor 18, Building C, Civic Center, 18 East Jiefang Road, Jianggan District, Hangzhou
secretariat-brlc@hzfao.gov.cn
Zip code: 310026
The widespread engagement of SMEs helps expand the scope of beneficiaries, allowing more entrepreneurs to gain development opportunities from the construction of the Belt and Road. This chapter explains that why SMEs are not only a critical force in China’s economic and social development but an indispensable participant in the construction of the Belt and Road and how BRI affected the engagement of SMEs in the BRI partner countries. The Belt and Road is a major historical opportunity for the development of SMEs in participating nations. Governments and SMEs should jointly create a favorable political environment and business environment, improve foreign-related laws, strengthen commercial services, explore bilateral and multilateral cooperation mechanisms, eliminate barriers to regional trade, maximize the development of SMEs, and achieve win-win results.
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The widespread engagement of SMEs helps expand the scope of beneficiaries, allowing more entrepreneurs to gain development opportunities from the construction of the Belt and Road. This chapter explains that why SMEs are not only a critical force in China’s economic and social development but an indispensable participant in the construction of the Belt and Road and how BRI affected the engagement of SMEs in the BRI partner countries. The Belt and Road is a major historical opportunity for the development of SMEs in participating nations. Governments and SMEs should jointly create a favorable political environment and business environment, improve foreign-related laws, strengthen commercial services, explore bilateral and multilateral cooperation mechanisms, eliminate barriers to regional trade, maximize the development of SMEs, and achieve win-win results.
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