The Malta Chamber of SMEs welcomes MCESD Chairperson David Xuereb to its offices
01 February 2024
Malta Chamber of SMEs President Mr Paul Abela and Deputy President Mr Philip Fenech welcomed...
The European Commission will very soon launch its most concerted attempt to date to help small and medium-sized enterprises to sell their goods and services outside the European Union. The Commission's strategy for helping SMEs break into foreign markets is to be adopted by the college of commissioners next week (9 November).
The strategy, entitled "Small business, big world", will be put forward by Antonio Tajani, the European commissioner for industry and entrepreneurship, whose department has drafted it, together with the Commission's department for trade.
Tajani will propose to step up the provision of free business-support services to European SMEs in important non-EU markets. In addition to existing support in China and India, the Commission is considering launching business-support services in Brazil, Japan, Russia, South Korea and Ukraine.
Such services will be based on a needs assessment in each foreign market, which is supposed to identify the main obstacles facing European SMEs and the existing support structures, to avoid any duplication of effort.
A model for the approach are the EU business centres in China and India, which were set up after adoption of the EU's Small Business Act in 2008. They provide advice to EU firms on market access, protection of intellectual property rights (IPR), standards and regulations, and other issues that are relevant for European businesses.
In China, the Commission has also been funding a help-desk on questions of IPR, with offices in Bejing and seven other cities. IPR protection is a priority concern of European businesses in China.
A survey by the Commission, published last year in preparation for the strategy, showed that just one-quarter of SMEs in the EU sell their products beyond their national frontiers, and only 13% export to markets outside the EU.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).