SME Policy Index: The Mediterranean Middle East and North Africa 2014

Implementation of the Small Business Act for Europe

image of SME Policy Index: The Mediterranean Middle East and North Africa 2014

This report assesses the elaboration and implementation of SME policy in eight Middle East and North African economies of the southern Mediterranean shore. The assessment is structured according to the ten policy principles covered in the Small Business Act for Europe (the SBA). One of the main findings is that over the last five years there has been progress in SME policy elaboration and implementation in spite of the political and economic turmoil. However, that progress has been modest, incremental and uneven across economies and dimensions. Political and economic stability, as well as institutional development, had a major impact on policy performance.

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Internationalisation of SMEs

SBA principle: Encourage and support SMEs to benefit from the growth of markets

This chapter analyses initiatives to promote trade such as the implementation of trade promotion strategies, export promotion programmes, and the simplification and facilitation of trade procedures. Since the 2008 assessment, MED economies have made progress in terms of promoting access to foreign markets. MED governments have export promotion agencies and other trade-specialised institutions (such as export credit guarantees and import-export banks) to support exporters and implement export promotion strategies.

Moving forward, MED economies could update or adopt strategic approaches towards export promotion and could increase efforts for the facilitation of trade through electronic procedures and virtual one-stop shops.

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