Public authorities ensure that they support the competitiveness of SMEs

The Minister of Trade and Export Promotion, Kamel Rezig, said on Saturday in Algiers that the public authorities had put in place all the measures to guarantee support for SMEs so that they contribute to the improving competitiveness and achieving high added value.

Speaking at the opening of the International Conference and Fair on Arab Small and Medium-Sized Enterprises (SMEX Algeria) at the Palais des Expositions (Pins-Maritimes), the Minister indicated that “our country, under the leadership of the President of the Republic, Mr. Abdelmadjid Tebboune, put SMEs at the heart of the government’s action plan through a set of practical measures to support the development of SMEs, enabling them to achieve higher growth rates, expand their activity and improve competitiveness and quality”, adding that “this will create added value at high levels and increase employment rates”.

“SMEX Algeria, which knows the participation of companies from six (6) Arab countries and twelve (12) African countries, constitutes an opportunity to meet for the various actors in the field of entrepreneurship, aimed at promoting the capacities and the level of manufacturing that SMEs have achieved, but also a space for strengthening trade, building partnership bridges and transferring technology and expertise” continued Mr. Rezig.

At the same time, the Minister underlined the role of this type of companies operating in various fields which, today, take on a “vital” role in developed and developing economies, being “a crucial element in the increase in national income, a laboratory nourishing large industrial groups and a space for innovation that aligns with the quality transformations that the world economy is experiencing in different fields”.

The opening of this international economic meeting, the first of its kind and organized under the patronage of the Prime Minister, Mr. Aïmene Benabderrahmane, took place with the presence of the Minister of Finance, Mr. Brahim Djamel Kassali, the Minister of Industry , Mr. Ahmed Zaghdar and the Advisor to the President of the Republic in charge of economic affairs, Mr. Yacine Ould Moussa.

The Director General of the Arab Bank for Economic Development in Africa (BADEA), Sidi Ould Tah, hailed, in turn, the “continuous support” that Algeria has provided since its creation 49 years ago. , as a financial organization supporting development projects in Arab and African States, noting that BADEA “has been able, over the past decades, to contribute to the consolidation of inter-Arab cooperation in all areas”.

On the other hand, he considers that the Arab-African commercial exchange “remains below the ambitions and does not reflect the potentialities concealed by the Arab States”, expressing the wish to “see the conference constitute a godsend capable of boosting the exchanges trade between the African continent and the Arab world, as well as industrial exports in particular”.

Mr. Tah highlighted, in this regard, the partnership launched by BADEA with the International Islamic Trade Finance Corporation (ITFC) and the African Export-Import Bank (AFREXIMBANK), with a view to founding a joint framework between the Arab and African States, with the aim of strengthening bilateral trade.

The CEO of BADEA also welcomed Algeria’s recent accession to AFREXIMBANK, which will, according to him, “benefit from the complementary scheme launched by the bank, with a view to strengthening financial transfers between member states. form the bank”.

As for the President of the Arab Union for the Development of Industrial Exports (AUIED), Abdel Mounim Mahmoud, he underlined for his part, the weight of SMEs in developed and emerging economies, noting that they represent 50% of the rate of workforce and 40% of GDP in the emerging market.

The world needs 600 million jobs in small businesses and start-ups by 2030, he added, noting that “the international economic situation requires African and Arab countries to strengthen the competitiveness of these companies and to take advantage of trade agreements in the Arab and African areas, as well as the exploitation of the opportunities generated by the 4th industrial revolution, particularly in terms of artificial intelligence and the Internet of things in the development of exports and investment”.

For his part, the Secretary General of the Union, Mohamed El-Kamali insisted that “the acceleration of technological development at the international level constitutes an opportunity to develop vital sectors, in particular information technologies, given that the Arab world harbors a young competent human resource capable of contributing to finding solutions in terms of innovation and technology in the midst of an environment favorable to entrepreneurship”.

This economic event organized jointly by the Algerian Fairs and Exports Company (Safex) and the Arab Union for the Development of Industrial Exports (Auied) focuses, over three days, on several themes, including the policies and programs of Arab and African governments. for the development and support of SMEs, as well as the financing of this type of business.

The debates and panels planned for this occasion will also focus on the prospects for Arab-African cooperation in the field of SMEs, the upgrading of these companies, as well as the opportunities and challenges of the fourth industrial revolution (4.0) and the digital transformation.

It will be for investors, business leaders, experts and participating entrepreneurs to raise other areas such as access for SMEs to innovative and diversified financing tools and successful experiences in the promotion of SMEs both in the scale of the Arab world than in Africa.

Some 400 exhibitors, Algerians, Africans and Arabs take part in the exhibition which is being held concomitantly with the conference. They represent various sectors including the mechanical industry, telecoms, financial services, tourism, ICT, logistics and agri-food.

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Public authorities ensure that they support the competitiveness of SMEs

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