Small and Median Enterprises



Backdrop
Small and Medium Enterprises (SMEs) are the backbone of ASEAN economies. Generally, they account for more than 96% of all enterprises and between 50% to 85% of domestic employment in many ASEAN Member States. In addition, the contribution of SMEs to GDP is between 30% and 53% and the contribution of SMEs to exports, between 19% and 31%.

Regional cooperation to foster SMEs is guided by the ASEAN Policy Blueprint for SME Development 2004-2014. Building on the progressive work under this Blueprint, the Strategic Action Plan for ASEAN SME Development 2010- 2015 covering the regional commitments on SME developments was adopted by SMEWG in 2009 and endorsed by SEOM in 2010 to further enhance the competitiveness and flexibility of SMEs in moving towards a single market and production base in ASEAN.

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