Small and medium-sized enterprises (SMEs) are the backbone of the global economy. Nevertheless, their presence in international trade is somewhat limited. One of the multiple challenges that SMEs face whenever they engage in trade is their limited capacity to deal with the complex administrative and regulatory procedures associated with moving and selling goods across borders. Therefore, the proper implementation of the World Trade Organisation’s (WTO) Trade Facilitation Agreement (TFA) can become a powerful tool to promote the participation of SMEs in international trade.
In this context, International Economics is working with the Global Alliance for Trade Facilitation to carry out an internal review of the Alliance’s projects, policies and processes to identify existing activities to include SMEs, identifying where gaps exist, and recommending how best to address them.