APEC-Canada Growing Business Partnership - MSME Support

This initiative seeks to reduce poverty in developing Asia-Pacific Economic Cooperation (APEC) economies by encouraging micro small and medium sized enterprises (MSMEs) to expand into global and regional markets. The project consists of two main components one of which is a sub-fund managed by the APEC Secretariat that supports small-scale projects helping MSMEs in developing APEC economies to innovate grow and gain better access to global and regional markets. The second component of the project implemented by the Asia Pacific Foundation of Canada provides complementary training research and mentoring elements to benefit MSMEs in developing APEC economies. The two components have a combined value of $4.74 million.

The expected outcome of this component of the project is: increased ability of approximately 600 MSMEs in developing APEC economies particularly those MSMEs owned by women to expand their businesses create poverty-reducing employment and integrate into the broader APEC market.