Taiwan’s envoy to APEC highlights role of MSMEs in development

Focus Taiwan
Date: 2015/11/18
By: Tang Pei-chun and Romulo Huang

Manila, Nov. 18 (CNA) Former Vice President Vincent Siew (蕭萬長) on Wednesday shared Taiwan’s experience in the development of micro, small and medium-sized enterprises (MSMEs) at a meeting of the Asia Pacific Economic Cooperation (APEC) forum, stressing the role of the relevant government policies.

Speaking in a group discussion with members of the APEC Business Advisory Council (ABAC), Siew said Taiwan’s government implemented a comprehensive set of policies on education, taxation, finance and other areas to help MSMEs engage in invention and innovation.

MSMEs make up 98 percent of the total number of enterprises in Taiwan, the former vice president said.

The government has to assist MSMEs because they lack the resources to engage in invention and innovation, he said.     [FULL  STORY]