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Small and Medium-Sized Enterprises in International Economic Law$
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Thilo Rensmann

Print publication date: 2017

Print ISBN-13: 9780198795650

Published to Oxford Scholarship Online: June 2017

DOI: 10.1093/acprof:oso/9780198795650.001.0001

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Leveraging Trade Facilitation Reforms for Increased SME Competitiveness

Leveraging Trade Facilitation Reforms for Increased SME Competitiveness

Chapter:
(p.38) 2 Leveraging Trade Facilitation Reforms for Increased SME Competitiveness
Source:
Small and Medium-Sized Enterprises in International Economic Law
Author(s):

Arancha González

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198795650.003.0003

This publication analyses various constraints preventing small and medium-sized enterprises (SMEs) in developing countries from tapping into global value chains. It highlights that the time and costs associated with transporting goods across borders are significantly greater in developing than developed economies. It emphasizes that the smaller size and working capital of SMEs, and their concentration in a limited number of geographic and product markets, makes them vulnerable to costs and delays associated with trade barriers compared to multinational corporations. In this context, the chapter stresses the importance of implementing measures stipulated in the WTO Trade Facilitation Agreement to enhance the ability of SMEs to import and export. These measures would increase logistical efficiency by reducing information asymmetries, simplifying regulatory requirements, and lowering fees for the movement of goods across borders. If implemented correctly, these measures would expand opportunities for developing country SMEs to embed themselves in the growing global economy.

Keywords:   Small and medium-sized enterprises or SMEs, WTO Trade Facilitation Agreement, value chains, cross-border trade barriers, business competitiveness

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