ASEAN creates healthy competition environment for SMEs
Phnom Penh (VNA) – Heads of ASEAN member economies
have agreed to create a mechanism to promote competition, create an environment
conductive for regional SMEs to enter ASEAN amid economic recovery from
COVID-19 crisis.
Together with green,
digital economy and synchronous development, the development of small and
medium-sized enterprises (SMEs) was under major discussions at the 54th ASEAN Economic Ministers' Meeting (AEM-54), said Cambodian
Ministry of Commerce's Undersecretary of State and Spokesman Penn Sovicheat at a
press conference on September 18.
Ministers shared the view that the effective performance
of competition law will accelerate the process of carrying out digital economic
policy, contributing to developing digital market and helping ASEAN SMEs operate
in a transparent and healthy competition environment.
On the occasion, they
decided to strengthen the implementation of joint action plan on competition
till 2025 to expand competition space of innovation market and promote the
dynamic development of ASEAN member economies, said Penn Sovicheat.
The AEM-54 and related meetings with diverse agenda took place on September
11-18 in Siam Reap tourism city of Cambodia, host of ASEAN 2022./.